Ford Sells Atlanta Assembly Plant Property to Jacoby Development
Posted on: Friday, 13 June 2008, 09:00 CDT
Ford Motor has announced the sale of its Atlanta assembly plant property in Hapeville, Georgia, to Jacoby Development.
Jacoby will redevelop the 122-acre site, adjacent to the Hartsfield-Jackson Atlanta International Airport, into an aerotropolis, an aviation-intensive business district that is expected to include office, retail, restaurant, hotel and airport parking.
Ford worked with the city of Hapeville, Hartsfield-Jackson Atlanta International Airport and the Federal Aviation Administration to ensure the best use of the site. The redevelopment of the Atlanta assembly plant site will likely have a global focus to capitalize on the airport's future international terminal.
Jim Jacoby, chairman and CEO of Jacoby Development, said: "Just as the Ford assembly plant has been an economic engine for the region for more than half a century, this redevelopment will build on the powerful economic engine that is Hartsfield-Jackson Atlanta International Airport."
Source: Datamonitor
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