Motorola planning $3 billion Richmond manufacturing site West of Richmond, Va., at West Creek, Motorola Inc. will develop a $3 billion semiconductor manufacturing complex. The complex will include a wafer fabrication facility, a final manufacturing center, an admin-istrative building, a support services facility to house vendors and suppliers and a central utilities building. During phase one, approximately 1.5 million sq. ft. will be built.
is scheduled to begin during second quarter 1998.
Vantage Cos. breaks ground on two speculative facilities Vantage Cos. - Houston Division is building two distribution/warehouse facilities in northwest Houston which will total 360,000 sq. ft. When complete, the properties will be valued at more than $10 million.
The Distribution Center at Northwest Point and West Little York CrossDock are speculative and comprise the first phase of Northwest Point Business Park, a 34-acre project that will include more than half a million sq. ft.
The Stellar Group is developing refrigerated facilities for Kraft In Bethlehem, Pa., the Jacksonville, Fla.-based Stellar Group is developing a 255,000 sq. ft. refrigerated mixing facility for Kraft Foods.
Stellar is providing, construction and refrigeration services for the project, which will include 28,000 sq. ft. of office and machine room space. Completion is scheduled for September 1998.
Stellar has completed construction of Kraft's 302,000 sq. ft. refrigerated mixing facility in Aurora, Ill., and has similar Kraft facilities under way in Columbus, Ohio, and Haslet, Texas.
GDPI completes second sale General Dynamics Properties Inc., a subsidiary of General Dynamics Corp., has closed the sale of Building 602 at Empire Lakes Center in Rancho Cucamonga, Calif.
Morgan Stanley Real Estate Fund II L.P. purchased the 408,168 sq. ft. building.
With the earlier sale of the 242,048 sq. ft. Building 601 to Lincoln Property Co., GDPI has sold more than 650,000 sq. ft. at Empire Lakes, where the company is marketing sites for retail, office, recreation, manufacturing, and hotel and meeting facilities.
FedEx selects development land in Houston for large-scale hub Federal Express Corp. has selected a 32-acre site in Interwood Business Park in Houston for the company's new air, ground, trucking and transport facility. The center will expand FedEx's services to include large parcel and freight, including trailer-to-plane loading.
Dienna Nelson Augustine Co., based in Houston, will develop and own the 125,000 sq. ft. complex, which is valued at more than $12 million. FedEx will lease the facility from Dienna.
Dienna Nelson Augustine Co. represented the purchaser in this transaction, and Wolff Cos. represented the seller.
Interwood Business Park is a 440-acre business park which was developed by Wolff Cos. in 1981.
Fremont Development building LA's largest spec space in a decade In what will be Los Angeles' largest speculative industrial development in more than a decade, Torrance, Calif.-based Fremont Development Co. is building Harbor Gateway Commerce Center. When complete, the center will comprise approximately 1.5 million sq. ft. of speculative industrial space.
Phase one of the 67.5-acre, $75 million project is under way and will include three buildings totaling 1.25 million sq. ft. Completion is scheduled for second quarter 1998. Phase two will comprise 14 acres of build-to-suit or speculative projects.
Ricon takes one-fourth the space at new Van Nuys business park Ricon Corp., a manufacturer of wheelchair lifts, has signed a 150,000 sq. ft. lease for a manufacturing facility and corporate headquarters at Van Nuys Center at The Plant, a 30-acre business park under development in Van Nuys, Calif.
Ricon's lease absorbs one-fourth of the space available at Van Nuys Center. The lease entails one-fourth of the 600,000 sq. ft. approved for industrial and manufacturing space at the business park.
Van Nuys Center at The Plant is part of the 68-acre business park and retail center being developed by S&V Van Nuys AssociatesLLP, a joint venture between The Voit Cos. and Selleck Development Group Inc.