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AVAILABLE 7600 Antoine Road | Shreveport, LA
INDUSTRIAL SPACE
ONNO STEGER | Director of Real EstatePhone | (614) 571-0012
E-mail | [email protected]
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TABLE OF CONTENTS
Executive SummaryPage 3
Building OverviewPage 7
Area OverviewPage 13
Logistics & AccessPage 16
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EXECUTIVE SUMMARY
WEST SHREVEPORT INDUSTRIAL PARK
West Shreveport Industrial Park is comprised of three buildings totaling nearly 3.5 Million SF including an associated warehouse/manufacturing building Building One is an 840,000 SF former stamping plant; Building Two is a 1.6 Million SF manufacturing warehouse and paint facility; and the General Assembly building is 1 Million SF, the future home to Elio Motors. This plant includes 530 acres, located in a quality industrial park southwest of Shreveport, LA with access to city services and utilities. The General Assembly and former stamping plant buildings contain air-conditioned floor space and approximately 18 miles of conveyor line for assembly under one roof. Waste water treatment, heating, steam generation, deionized water, bulk-fluid transfer and air conditioning can be supplied by the plant’s powerhouse.
HIGHLIGHTS
Electricity Supplier Southwestern Electric Power Company SWEPCO/AEP
Natural Gas Supplier Centerpoint Energy and Renovan Landfill Gas
Water Supplier City of ShreveportSewer Supplier City of ShreveportTelecommunications Supplier ATT/Verizon/Comcast
Fiber Optic Network Major Carriers
» Construction: Insulated Metal Walls, Concrete Flooring
» Sprinker: Wet
» Access: I-20, I-49, 526, & 79/511
» Rail: On site, multiple active spurs, Union Pacific Railroad
» 30’ Center clearance
» 50’ Crane bay
» 50’ x 50’ Column spacing
» Docks and grade level doors
» Heavy power
» (2) 65-ton crane rails
» 4,780 Parking spaces
UTILITIES
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EXECUTIVE SUMMARY
HISTORY
Construction of the original plant began in 1978 and was completed in 1981. General Motors began its manufacturing activities in the latter half of 1981. Here, GM built Chevrolet and GMC brand light-duty pick-up trucks. Automotive parts representing the chassis, motor, transmission-drive train, trim accessories and all other components were manufactured at other GM facilities and/or GM vendors and shipped to the property via railroad, highway or air for final assemblage. The main processes that occured at the plant include: welding of steel subassemblies and parts into trucks and sheet-metal assemblies; washing and painting; inside and outside hardware assembly; chassis assembly including installation of the engine, axle, transmission, and associated parts to the chassis frame; and final assembly operations for a finished truck. Other operations included final truck repairs, maintenance, administrative offices and other minor associated activities.
The property was expanded to the east in 2002. Operations were also expanded with a new stamping plant and general assembly body shop areas. Significant modifications also were made to the natural gas-fired powerhouse and paint shop.
The plant produced the Hummer H-2 Series, Chevrolet Colorado, GMC Canyon, and the Isuzu i-Series. The RACER Trust acquired the property in March 2011. GM vacated in 2012, because of shifting consumer demand. In September 2013, the plant was purchased by Industrial Realty Group in conjunction with Elio Motors.
1978
ConstructionBegins
1981
ConstructionCompleted & GM Begins
Manufacturing
2002
Property Expands Eastward
2011
RACER Trust Acquires Property
2012
GM Vacates
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EXECUTIVE SUMMARY
ELIO
1
2
3
Future Home of
91.70 Acres
165.32 Acres
168.70 Acres
83.57 Acres
1
3
2
96.26 Acres
MAP
AERIAL
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EXECUTIVE SUMMARYSITE PLAN
Page 6
SITE PLAN
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BUILDING OVERVIEW
AVAILABLE SPACE:
842,000 SF
ACRES:
83 (Up to 168 Additional)
SALE:
Negotiable
LEASE:
$1.95 - $2.75 PSF NNN
ZONING:
I-2 Heavy Industrial
SPECIFICATIONS:
Clear Height - 30’6”
Column Spacing - 50’ x 50’
Crane Bay - 50’ Clear
Crane - (2) 100’x500’ bays
Twin 65-ton rails in place
12 Docks (Additional can be added)
7 Doors (Additional can be added)
CONSTRUCTION:
2002
NUMBER OF PARKING SPACES:
4,780 Spaces
ABOUT BUILDING ONE
Former GM Manufacturing Plant – Heavy original construction with significant upgrades to building, manufacturing infrastructure and equipment in 2002.
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BUILDING OVERVIEW
BUILDING ONE
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AVAILABLE SPACE:
1,500,000 SF
ACRES:
165 (Up to 91.70 Additional)
SALE:
Negotiable
LEASE:
$1.95 - $2.55 PSF NNN
ZONING:
I-2 Heavy Industrial
SPECIFICATIONS:
Clear Height - 26’
Column Spacing - 45’ x 45’
12 Docks (Additional can be added)
7 Doors (Additional can be added)
CONSTRUCTION/ADDITIONS:
1978/2002
BUILDING OVERVIEW
ABOUT BUILDING TWO
Former GM Manufacturing Plant – Heavy original construction with significant upgrades to building, manufacturing infrastructure and equipment in 2002.
ABOUT BUILDING TWO
Former GM Manufacturing Plant – Heavy original construction with significant upgrades to building, manufacturing infrastructure and equipment in 2002.
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BUILDING OVERVIEW
BUILDING TWO
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AREA OVERVVIEW
ABOUT SHREVEPORT
LIVECaddo Parish, where the property is located, has more than 250,000 residents, and the Shreveport-Bossier City metropolitan area is home to more than 375,000 residents. The broader northwest Louisiana region has more than 800,000 residents in 14 parishes. Shreveport is considered to be the commercial and cultural center of the Ark-La-Tex confluence. The economy was historically driven by oil. However, the downturn in the 1980s greatly impacted the area.
The area’s leading sectors include healthcare, a competitive manufacturing base, a reenergized oil and gas sector, a sizeable and diverse service sector and supplier network, a transforming timber/ paper industry, a hospitality/gaming industry, federal installations and more. The region also provides a rich quality of life with diverse choices of entertainment, sporting events, outdoor activities, restaurants, shopping and culture. The Strand, a restored grand theater, and Municipal Auditorium are among the area’s cultural destination highlights.
PLAYThe region also is rich in cultural diversity. National touring musical artists perform at the CenturyLink Center (www.centurylinkcenter.com) in Bossier City and riverboat casinos in Shreveport-Bossier; there are numerous annual festivals to suit a variety of tastes; and a symphony orchestra in Shreveport. The Robinson Film Center (www.robinsonfilmcenter.org) opened as the first film center of the South in downtown Shreveport in 2008, across the street from Artspace (www.shrevearts.org/artspace), Shreveport’s first arts center dedicated to the creation, production, presentation, promotion and exploration of all of the art disciplines for multi-generational audiences.
In 2010, northwest Louisiana region was named Forbes.com and KPMG Competitive Alternatives’ most cost-competitive region in the nation and in North America. The region is home to 12 universities and colleges, approximately 130,000 individuals with associate degrees or higher, and a civilian labor force of 341,281 workers familiar with manufacturing processes.
With a diverse economy, the Shreveport-Bossier Metro Area is among the nation’s most vibrant for its size. The Bureau of Economic Analysis has ranked the metro area among the top 10 for regional GDA growth in both 2009 and 2010.
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AREA OVERVVIEW
“Top 10 for Regional Growth”
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AREA OVERVVIEW
2010-201 1 TOP 5 LEAD ING EMPLOYERS BY INDUSTRY & SECTOR
Company Location NAICS EmployeesBarksdale Air Force Base BAFB Military 8,655Caddo Parish School Board Shreveport School System 6,815LSU Health Sciences Center Shreveport Health Care 6,295Wal-Mart Stores Inc. Regional Retail 5,848Willis Knighton Health Center Shreveport Health Care 5,725
WORKBeyond its more traditional business sectors, northwest Louisiana also nurtures emerging sectors including information technology, biotech/life sciences and creative industries, which in addition to film include music and other entertainment. The region also is home to one of the nation’s most significant military installations, Barksdale Air Force Base. the base is headquarters to four major commands; Air Force Global Strike Command (AFGSC), 8th Air Force, 2nd Bomb Wing and the 307th Bomb Wing. Barksdale overall is host to 9 tenant commands and is one of only two bases in the world that is home to the B52H Stratofortress bomber and plays a prominent, significant and highly visible role in the nation’s defense. Barksdale adds strength and stability to the economy through its active duty personnel, their families and a large and growing military retiree population. Including military and civilian positions, Barksdale’s overall employment is 10,284 (Greater Bossier Economic Development Foundation).
The Louisiana Workforce Commission (www.laworks.net) states that the Shreveport-Bossier Metropolitan Statistical Area (MSA) added 4,800 new jobs from May 2010 to May 2011. The metro’s 12-month overall gain came from 2,600 additional goods-producing jobs and 2,200 more service jobs.
Numerous national news outlets have recognized Shreveport-Bossier’s job growth. Forbes ranked Shreveport-Bossier seventh among mid-size metros on its national list of “Best Cities for Jobs.” The Daily Beast, a news website, named Shreveport- Bossier one of the best cities for new graduates, based on job growth, cost of living, per capita personal income and other factors. Site Selection, a leading economic development journal, ranked Shreveport-Bossier fourth in the country for economic development, based on the number of new corporate locations and business expansions.
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ROADWAYS The highway system has a cross-hair and loop freeway structure similar to that of Texas cities like Houston and Dallas. The loop consists of The Outer Loop Freeway Interstate 220 on the north and The Inner Loop Freeway, Louisiana Highway 3132 on the south, forming approximately an 8-mile (13 km) diameter semi-loop around downtown. Another loop is formed by the Bert Kouns Industrial Loop, (Louisiana Highway 526) and circles further south bisecting Interstate 49. Interstate 49 is currently under constuction to extend to highway 549 in Arkansas,in which the interstate will go into another state besides Louisiana Shreveport lies along the route of the proposed Interstate 69 North American Free Trade Agreement (NAFTA) superhighway that will link Canada, the U.S. industrial Midwest, Texas, and Mexico.
Northwest Louisiana is central to the entire Southeast and boasts an inter modal network of interstate highways, railways, airports, and four interconnected ports with access to deep water. Ground transportation can deliver goods to nearly 30 million consumers in some of America’s largest markets in just one day. This makes Northwest Louisiana an ideal location for companies that need quick access to multiple population centers.
The region is served by three interstate highways: I‐20, I‐49 and I‐220. Completion of I-49 between the Arkansas state line and Shreveport, which will enhance the connection between Texarkana and I-30, is expected within the next 3 years. I-49 offers convenient access to I-10, the southernmost interstate highway that stretches coast-to-coast. A third interstate, the proposed I‐69, also will serve the region as a north/south corridor. U.S. Highways 63, 71, 79, 80, 84, 165, 167, 171, 371 and 425 also serve the region. The Shreveport property is located two miles from I-20, convenient to two interchanges, and five miles from Shreveport Regional Airport, which has a Free Trade Zone designation.
RAILTwo Class I railroads also serve the area — Union Pacific Railroad (www.up.com) and Kansas City Southern Railway (www.kcsouthern.com). There also is a connection to the Burlington Northern Santa Fe Railway (www.bnsf.com). The largest rail yard in the KCS network is located in Shreveport. UP also has a substantial presence in the area.
LOGISTICS & ACCESS
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PORTSThe Port of Shreveport-Bossier is a 2,300-acre, multi-modal transportation and distribution center that links customers throughout the region to domestic and international markets. As one of the fastest growing inland ports in the nation, The Port of Shreveport-Bossier (www.portsb.com) is known for its ease of doing business and for having some of the lowest utility rates in the country.
WaterLocated on the Red River Waterway just south of Shreveport-Bossier, the port has immediate access to barge, rail, motor freight and air transport, providing a robust network of distribution. The port provides access to the Mississippi River, Gulf Intercoastal Waterway and Gulf of Mexico. It features a Free Trade Zone, Enterprise Zone and U.S. Customs Port of Entry designation. The broader region has three other shallow draft ports and access to the Louisiana Port Network, the largest network of ports in the U.S. Primary cargoes at the Port of Shreveport-Bossier include liquid products, aggregate, coiled steel, plate steel, fertilizer, ship modules, containers, scrap steel, steel beams, coal, tire chips, logs and industrial waste water.
AirShreveport Regional Airport located 5 miles from 7600 General Motors Boulevard along interstate 20 and is a primary commercial service airport served by Delta Connection, American Eagle, United Express and Allegiant Airlines. These carriers provide in excess of 24 direct flights daily to Atlanta, Houston, Dallas Fort Worth and Denver. Allegiant has seasonal service to Las Vegas and Orlando -Sanford. Shreveport regional is also home to the maintenance headquarters for Express Jet airlines servicing its entire fleet of Embraer Regional Jets. Boardings are in excess of 300,000 passengers per year according to the FAA. In 2009 a $30 million cargo facility was constructed and is leased to FED EX and UPS among other air cargo carriers. In 2009 Shreveport Regional Airport was awarded “Louisiana Airport of the Year” for the third time.
LOGISTICS & ACCESS
23RACER TRUST PROPERTY AVAILABLE IN SHREVEPORT, LA
racertrust.org
Airport
Collateral Information: Transportation AssetsCollateral Information: Transportation Assets
1 mi2 km
©2011 Google - Imagery ©2011 Cnes/Spot Image, DigitalGlobe, GeoEye, U.S. Geological Survey, USDA Farm Service Agency, Map data ©2011 Google
Railroad Line
Highway
Property
Port
BEYONDSEEING
INDUSTRIAL REALTY GROUP11100 Santa Monica Boulevard | Suite 850Los Angeles, CA 90025
(310) 806-4434www.industrialrealtygroup.com
This document has been prepared by Industrial Realty Group, LLC for advertising and general information only. They make no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Industrial Realty Group excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Industrial Realty Group and/or its licensor(s). ©2014. All rights reserved.
