General Electric Company
The property, built in 2015, is a 306,406 SF manufacturing facility located on 56.53 acres in Lafayette, Indiana and leased to General Electric Company. The property includes 50,829 SF of office space, 245,160 SF of manufacturing space, and features 34’ clear height. During the construction process, ElmTree provided 100% of the capital, monitored construction on a monthly basis, and processed all construction draws.
Mission Critical Nature:
The facility operates a highly advanced assembly line incorporating several new technologies, including automated vision inspection systems and radio frequency parts management to easily spot parts on the shop floor. The facility assembles the new LEAP engine of CFM International, a 50/50 joint company of GE and Snecma (Safran) of France, which has logged total orders and commitments with airlines for more than 6,000 LEAP jet engines. The engines will power the new Airbus A320neo, Boeing 737 MAX, and COMAC C919 aircrafts for airlines worldwide. Final assembly of the LEAP engine at the facility involves using components and sub-assemblies from GE and Snecma operations and from their suppliers around the world. The facility will create 225 jobs by 2018 and total tenant investment is estimated at $100.0 million.