Regions Midwest
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug 15, 2008

Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs. The facility will replace an existing body shop at the 2.7 million-square-foot campus. The Jefferson North Plant, developed in 1991, was previously expanded in 1999. The current expansion project will also encompass the upgrading of other buildings on the site. Green elements will be incorporated into the development of the new facility, as well as the renovated spaces in an effort to reduce the company's environmental footprint in the area. Chrysler anticipates completing the expansion endeavor in 2010.


 
Recent Midwest Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Developers Diversified, Cole Form JV for Missouri Shopping Center
Nov. 07, 2008
Developers Diversified Realty Corp. has formed a $62 million joint venture with Cole Real Estate Investments for the ownership of Independence Commons, a 386,000-square-foot shopping center in Independence, Mo.
Cormac Nets $145M Loan for Kansas Retail Project
Nov. 05, 2008
The Chicago office of Holliday Fenoglio Fowler L.P. has arranged a total of $145.3 million in construction financing and joint venture equity for Corbin Park, a regional, open-air retail village being developed in Overland Park, Kan., by Cormac Co.
Vail Resorts Acquires Colorado Mountain Express for $38M
Nov. 03, 2008
Vail Resorts Inc. closed its transaction to acquire the resort ground transportation business, Colorado Mountain Express, for $38.3 million, which amount will be adjusted for the final balances of certain working capital related accounts as well as the obligation of Vail Resorts to reimburse the seller for certain new capital expenditures.