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Volkswagen Group of America Announces Completion of Jacksonville Distribution Warehouse

Posted on: Wednesday, 21 January 2009, 11:53 CST

HERNDON, Va., Jan. 21 /PRNewswire/ -- Volkswagen Group of America announced today the completion of a 260,000 square foot parts distribution facility at the Perimeter West Industrial Park in Jacksonville, Fla. The new facility is 30 percent larger than the company's previous parts distribution center in Jacksonville. The facility has 40 warehouse and administrative team members and will service 118 Volkswagen and Audi dealers in the southeastern U.S., including those in Ala., Fla., Ga., N.C., S.C. and Tenn.

"This new, larger facility will enable us to provide better efficiency in our parts department and help us meet the needs of our expansive southeastern dealer base," said Troy Smith, general manager for parts and operations strategy at Volkswagen Group of America. "This distribution center will continue to serve us as we expand our presence in the U.S."

Built-to-suit by Trammell Crow Company and ING Clarion, the fully air-conditioned, secure facility features 30 foot clear height bays, a three-level, 45,000 square foot parts mezzanine and 10,000 square feet of office space. The space, which has a 15 year lease, also enables Volkswagen Group to expand its distribution facilities by 40,000 square feet.

"Jacksonville has emerged as a major logistics center based upon its transportation infrastructure that includes a major port, international airport, three railways and several major airports," said Robert Abberger, senior managing director of Trammell Crow Company's Florida Business Unit. "Trammell Crow is pleased to be in a position where we can deliver class A industrial space in a timely manner and react to the needs of local, regional and national businesses in the area."

The 54-acre park is immediately adjacent to I-295 at Pritchard Road, a few miles northwest of Jacksonville. The location provides for easy access to the east and west coasts of Florida and north towards Georgia via I-95, I-10 and I-75.

Photos are available upon request.

About Volkswagen Group of America, Inc.

Volkswagen Group of America, Inc. is a wholly-owned subsidiary of Volkswagen AG, the world's third largest automaker and the largest carmaker in Europe. It houses the U.S. operations of a worldwide family of distinguished and exciting brands including Audi, Bentley, Bugatti, Lamborghini and Volkswagen, as well as VW Credit, Inc. Founded in 1955, the company's headquarters are in Herndon, Va.

Volkswagen Group of America brings to the U.S. vehicles that marry the science of engineering and the art of styling, with the goal of offering attractive, safe, and environmentally sound automobiles that are competitive and set world standards in their respective classes.

The company has approximately 2,500 employees in the United States and sells its vehicles through an 800-strong dealer network. With increasing popularity for its brands in the U.S., the company has set the goal of reaching one million car sales in the country by 2018.

For more information, visit www.volkswagengroupamerica.com.

About Trammell Crow Company

Trammell Crow Company, founded in 1948, is one of the nation's leading developers and investors in real estate. It has developed or acquired over 500 million square feet of buildings with a value exceeding $50 billion. As of September 30, 2008, Trammell Crow Company had over $9.7 billion of projects in process or in its pipeline.

Trammell Crow Company's teams are dedicated to building value for its clients with professionals in approximately 21 major cities throughout the U.S. and Canada. The company serves users of, and investors in, office, industrial, retail, healthcare, student housing, on-airport distribution, multi-family residential, and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients' needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.

Trammell Crow Company is an independently operated subsidiary of CB Richard Ellis Group, Inc., the world's largest commercial real estate services firm (based on 2007 revenues). For more information visit www.TrammellCrow.com.

About ING Clarion

Founded in 1982, ING Clarion and its affiliates manage more than $45 billion in assets in the private equity, public equity, and public debt sectors of the real estate markets. Headquartered in New York, the ING Clarion organization has approximately 450 employees located in major markets throughout the United States.

The firm is the North American investment management arm of ING Real Estate, a global real estate company active in investment management, development and finance. With a total business portfolio of $164 billion and offices in 22 countries in Europe, America, Asia and Australia, ING Real Estate ranks among the world's strongest real estate companies.

ING Real Estate is part of ING Group, a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. More information about the firm is available at www.ingclarion.com

SOURCE Volkswagen Group of America, Inc.

Source: PR Newswire

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