A subsidiary of The Adams Companies
|General Electric Manufacturing Facility For Sale at $13,000,000|
|Thursday, 11 March 2010 00:00|
Winchester, VA – After almost 40 years of operation in Winchester, Virginia, General Electric will be closing the doors of its Lamp Plant and offering the 454,965 SF manufacturing facility for sale at $13,000,000. The facility is located at 125 Apple Valley Road, just off U.S. 11 near the VA 37 interchange and I-81, set on 57.38 acres of land zoned M-1 (light industrial). The facility’s total square footage includes 393,840 SF of plant area, 23,984 SF of office space on two floors, 9,036 SF of employee locker rooms and cafeteria, and 19,200 SF footprint of automated warehouse providing 1,824,000 CF of warehouse capacity. 8,905 SF of exterior support spaces complete the facility.
Patrick Barker, Executive Director of the Winchester-Frederick County Economic Development Commission, comments, "This property holds immense opportunities to branch further into the community's business targets like advanced manufacturing. It holds many of the base requirements for corporate locations with excellent access to interstate, redundant infrastructure and a great pool of productive labor force."
Richard Bell, of Adams-Nelson & Associates, Inc., has been selected to broker the sale of the facility. The property is expected to be available for occupancy by November 2010. Commenting on GE’s selection of Adams-Nelson & Associates, Inc. as the property broker, Mr. Bell states, "This is our third transaction in this market representing GE Realty. This is a very high visibility facility with strong amenities for an industrial property. It also has the potential to be a great job generator for this community. We do not take our responsibility lightly in our representation of this property and the community at large as there is so much potential for both."
Adams-Nelson & Associates, Inc. is an independent, full-service commercial real estate brokerage located in Winchester, Virginia. Founded in 1988 by Douglas and Fern Adams and their sons, Kevin and Garth, the firm specializes in Investment Opportunities, Commercial, Retail or Industrial Sales and Leasing, Acquisition Due Diligence, and Land Development Planning. Under the leadership of Principal Broker, Richard Bell since 2006, Adams-Nelson & Associates, Inc. has brokered some of the most prestigious real estate transactions in the region. For more information about Adams-Nelson & Associates, visit www.adamsnelson.com or contact us at 540-667.2424.