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AVAILABLE 7600 Antoine Boulevard | Shreveport, LA INDUSTRIAL SPACE AVAILABLE 7600 Antoine Boulevard | Shreveport, LA ONNO STEGER | Director of Real Estate Phone | (614) 571-0012 E-mail | [email protected] TABLE OF CONTENTS Executive Summary Page 3 Building Overview Page 7 Area Overview Page 11 Logistics & Access Page 14 / Page 2 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 » 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’ x 50’ Column spacing » (2) 100’ x 500’ Crane bays with 50’ Clear » (2) 65-ton crane rails » Docks and grade level doors » Heavy power » 4,780 Parking spaces UTILITIES Southwestern Electric Power Electricity Supplier Company SWEPCO/AEP Centerpoint Energy and Renovan Natural Gas Supplier Landfill Gas Water Supplier City of Shreveport Sewer Supplier City of Shreveport Telecommunications ATT/Verizon/Comcast Supplier Fiber Optic Network Major Carriers / Page 3 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 1981 2002 2011 2012 Construction Construction Property Expands RACER Trust GM Vacates Begins Completed & GM Begins Eastward Acquires Property Manufacturing / Page 4 EXECUTIVE SUMMARY AERIAL 91.70 Acres 83.57 Acres 2 1 168.70 Acres 1 3 2 Future Home of 165.32 Acres 3 ELIO 96.26 Acres MAP / Page 5 SITE PLAN SITE PLAN / Page 6 EXECUTIVE SUMMARY Page 6 BUILDING OVERVIEW ABOUT BUILDING ONE Former GM Manufacturing Plant – Heavy original construction with significant upgrades to building, manufacturing infrastructure and equipment in 2002. AVAILABLE SPACE: SPECIFICATIONS: 842,000 SF Clear Height - 30’6” ACRES: Column Spacing - 50’ x 50’ 83 (Up to 168 Additional) Crane Bay - 50’ Clear SALE: Negotiable Crane - (2) 100’x500’ bays LEASE: Twin 65-ton rails in place $2.75 - 3.25 PSF NNN 12 Docks (Additional can be added) ZONING: I-2 Heavy Industrial 7 Doors (Additional can be added) CONSTRUCTION: 2002 NUMBER OF PARKING SPACES: 4,780 Spaces / Page 7 BUILDING OVERVIEW BUILDING ONE / Page 8 BUILDING OVERVIEW ABOUTABOUT BUILDING BUILDING TWO TWO FormerFormer GM GM Manufacturing Manufacturing Plant Plant – Heavy– Heavy original original construction construction with with significant significant upgradesupgrades to tobuilding, building, manufacturing manufacturing infrastructure infrastructure and and equipment equipment in in2002. 2002. AVAILABLE SPACE: SPECIFICATIONS: 1,500,000 SF Clear Height - 26’ ACRES: Column Spacing - 45’ x 45’ 165 (Up to 91.70 Additional) 12 Docks (Additional can be added) SALE: 7 Doors (Additional can be added) Negotiable CONSTRUCTION/ADDITIONS: LEASE: 1978/2002 $1.95 - $2.55 PSF NNN ZONING: I-2 Heavy Industrial / Page 9 BUILDING OVERVIEW BUILDING TWO / Page 10 AREA OVERVVIEW ABOUT SHREVEPORT 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. LIVE PLAY Caddo Parish, where the property is located, has more The region also is rich in cultural diversity. National touring than 250,000 residents, and the Shreveport-Bossier City musical artists perform at the CenturyLink Center (www. metropolitan area is home to more than 375,000 residents. centurylinkcenter.com) in Bossier City and riverboat The broader northwest Louisiana region has more than casinos in Shreveport-Bossier; there are numerous annual 800,000 residents in 14 parishes. Shreveport is considered festivals to suit a variety of tastes; and a symphony to be the commercial and cultural center of the Ark-La-Tex orchestra in Shreveport. The Robinson Film Center (www. confluence. The economy was historically driven by oil. robinsonfilmcenter.org) opened as the first film center However, the downturn in the 1980s greatly impacted the of the South in downtown Shreveport in 2008, across area. the street from Artspace (www.shrevearts.org/artspace), Shreveport’s first arts center dedicated to the creation, The area’s leading sectors include healthcare, a production, presentation, promotion and exploration of all competitive manufacturing base, a reenergized oil and of the art disciplines for multi-generational audiences. 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. / Page 11 AREA OVERVVIEW “Top 10 for Regional Growth” / Page 12 AREA OVERVVIEW WORK Beyond 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. 2010-2011 TOP 5 LEADING EMPLOYERS BY INDUSTRY & SECTOR Company Location NAICS Employees Barksdale Air Force Base BAFB Military 8,655 Caddo Parish School Board Shreveport School System 6,815 LSU Health Sciences Center Shreveport Health Care 6,295
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