South Bend-based AM General will soon move its service parts and logistics operations into a new 210,000 square-foot facility. The company has signed a 10-year lease with Great Lakes Capital and plans to move into the South Bend facility in the fourth quarter.
Financial details of the lease agreement were not disclosed. The facility will include parts warehousing and distribution, as well as military and commercial vehicle training. AM General says the decision to move operations was "based on business needs to get into a facility that optimizes our footprint given our level of operations."
GLC and the city of South Bend partnered on the development of the spec building, which is located just off of Interstate 90 in South Bend. GLC says the deal with AM General was signed before construction on the building was complete.
"SBDCI is located in an industrial area that has proven itself as a successful national logistics hub, as evidenced by two Fortune 100 companies having chosen to locate there within the past eighteen months," says Jeff Smoke, director of development at Great Lakes Capital. "Not only is this an exciting deal for our local area, that also indicates positive implications for our economy down the road, I think the successful outcome demonstrates the potential for well-executed public-private partnerships"
AM General did not have any information on whether the move would bring additional jobs to the area. GLC says it is planning an additional industrial development, which is expected to be complete in the spring of 2017.