GE OIL & GAS TO OPEN MANUFACTURING FACILITY IN JACKSONVILLE

JACKSONVILLE, FLA. — GE Oil & Gas plans to soon open its new 510,000-square-foot manufacturing facility in Jacksonville’s Westside submarket. The property will be located at AllianceFlorida at Cecil Commerce Center. The developer of the asset is Hillwood Property Investments, which will develop the property on land owned by the city of Jacksonville. The new facility will manufacture GE’s Mooney regulators and Becker control valves for the energy industry. The property will feature $50 million in investments for manufacturing and IT equipment, as well as additional real estate improvements. The facility is slated to open next month and create more than 500 jobs during the next three years.