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Staubach Finalizes Volkswagen Plant Deal

CHATTANOOGA, TN-Before joining JLL, the firm secures 1,350 acres for the $1-billion project.

By Carl Cronan | Updated on July 21, 2008

CHATTANOOGA, TN-The Staubach Co., now part of Jones Lang LaSalle Inc., worked with Volkswagen Group of America Inc. on its year-long search for a new North American automotive production plant. The effort culminated earlier this month with the official announcement that the $1-billion project will be built on a 1,350-acre site in Hamilton County.

Volkswagen, the world’s fourth-largest automaker, plans to build its new plant at Enterprise South Industrial Park, 12 miles northeast of Downtown Chattanooga. Production is scheduled to begin in early 2011 at the park, which was previously certified as an industrial megasite by the Tennessee Valley Authority.

Gregory Lubar, project leader and senior vice president, and Keith Scott, incentives negotiation leader, led a 20-member team involving Staubach personnel nationwide. Chattanooga reportedly edged out Huntsville, AL, as the site of the plant.

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