CBRE ARRANGES 300,000-SQUARE-FOOT LEASE FOR GENERAL ELECTRIC

VAN BUREN TOWNSHIP, MICH. — CB Richard Ellis (CBRE) has arranged a long-term lease for General Electric Co. (GE) that will create a new office/R&D center in the Detroit suburb of Van Buren Township. GE's new operations will consist of approximately 200,000 square feet of office space and a newly constructed, 100,000-square-foot research and development facility. The new facilities will be located within the newly named GE Advanced Manufacturing & Software Technology Center and will commence operation in October. Brent Woodruff of CBRE's Atlanta office and Jeffrey Bell of the firm's Detroit office represented GE. The landlord, Visteon Corp., will maintain its corporate offices and innovation center at the site. Terms of the lease were not disclosed.