General Electric Company | Product Engineering Center

Property Description

Situated on a 22-acre site in West Chester, Ohio, the Property consists of two, four-story, LEED Gold Certified, Class A office buildings each containing 204,899 square feet for a total of 409,798 rentable square feet of space. The Property was built in 2010 and is leased in its entirety to General Electric Company. General Electric Company maintains an investment-grade credit rating of AA+ from Standard & Poor’s and Aa3 from Moody’s. With annual revenue in excess of $146 billion (2013), General Electric Company ranks ninth on the 2014 Fortune 500 list and is one of the largest and most diversified infrastructure and financial services corporations in the world.

Business Essential Attributes

The Property was originally built in 2010 as a build-to-suit for General Electric Company which consolidated four locations throughout the Cincinnati area into the Property. The Property serves as GE Aviation’s Product Engineering Center as well as GE Aviation’s worldwide call center which handles any jet engine related problems 24/7, 365 days a year. GE Aviation’s headquarters and main production facility is located in nearby Evendale, Ohio, which provides additional synergies and further demonstrates the Tenant's commitment to the area.

Additional Property Information

The Property is strategically located along I-75 in West Chester, approximately 20 miles north of Cincinnati and 35 miles south of Dayton. West Chester benefits from the combined economic bases of Cincinnati and Dayton and is located in the heart of this marketplace with over two million people living within 20 miles. Located approximately five miles north of GE Aviation’s five-million square foot headquarters and main production facility in nearby Evendale, the Property provides convenient access for engineers commuting to either GE Aviation location and offers a desirable, central location catering to the area's highly-educated, high-income workforce. GE Aviation has been headquartered in the Cincinnati area since 1949 and is one of the largest employers in the state of Ohio.

General Electric Company | Product Engineering Center

West Chester, Ohio

PROPERTY AT A GLANCE

Property Type: Class A Office
Square Footage: Two buildings each containing 204,899 square feet for a total of 409,798 square feet

Leased: 100%
Lease Expiration: March 31, 2020
Renewal Option(s):
Four, 5-year renewal options
Rent Increase(s):
2.00% annual rent escalations
Tenant: General Electric Company (S&P: AA+)
Website: www.ge.com
NYSE: GE