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GIS Gilead Sciences Inc

65.58
-0.93 (-1.40%)
23 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Gilead Sciences Inc TG:GIS Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.93 -1.40% 65.58 65.51 65.64 66.79 65.34 66.21 4,141 22:50:16

PRESS RELEASE: General Mills Selects Rockefeller Group Development Corporation to Build 1.5 Million S.F. Distribution Facility

11/06/2009 2:55pm

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General Mills Selects Rockefeller Group Development Corporation to Build 1.5 Million S.F. Distribution Facility

- Build-to-Suit Located 50 Miles East of Atlanta -

NEW YORK, June 11 /PRNewswire/ -- Rockefeller Group Development Corporation (RGDC) has been selected by General Mills to construct a 1.5 million square foot distribution center in Social Circle, Georgia, located 50 miles east of Atlanta. According to real estate research and portfolio strategy firm PPR, the facility is the largest build-to-suit distribution center to be built in 2009.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090611/NY30446 )

"The Rockefeller Group is excited to be a part of General Mills' initiative to drive efficiency in its Southeast distribution operations," said Kevin R. Hackett, President and Chief Executive Officer of RGDC and Rockefeller Group International, Inc. "We are honored to be developing this state-of-the art facility in Social Circle and to have a tenant of General Mills' caliber."

RGDC will build the 1.5 million square foot facility on a 130 acre site on East Hightower Trail in Walton County, Georgia that is serviced by Georgia Railroad and CSX Intermodal, making it ideal for distribution. RGDC will seek LEED-silver certification for the building which will include more than 25,000 square feet of office space to accommodate General Mills' administrative operations for the site. General Mills has the option to expand the building by 143,000 s.f. to a total of more than 1.6 million square feet.

"General Mills is thrilled to have The Rockefeller Group as developer of the Social Circle facility," said Mike Nordstrom, Vice President of Corporate Services, General Mills. "Their national presence, reputation as a developer, and expertise in building large distribution facilities, especially within a very tight timeframe, contributed to their selection."

Site work on the project has begun with completion targeted for the second quarter of 2010.

About Rockefeller Group Development Corporation

RGDC is a national owner, developer, and manager of prestigious commercial real estate properties. Its development capabilities include corporate headquarters, landmark properties, multi-use urban complexes, multinational distribution facilities, suburban business parks, and foreign trade zones. RGDC, with regional offices in Arizona, California, Florida and New Jersey, is an operating company of The Rockefeller Group, developer of Rockefeller Center in New York City. For more information, visit www.rockgroupdevelopment.com.

About General Mills

One of the world's leading food companies, General Mills operates in over 100 countries and markets more than 100 consumer brands, including Cheerios, Haagen-Dazs, Nature Valley, Betty Crocker, Pillsbury, Green Giant, Old El Paso, Progresso, Cascadian Farm, Muir Glen and more. Headquartered in Minneapolis, Minnesota, U.S.A., General Mills had fiscal 2008 global net sales of US$14.9 billion, including the company's $1.2 billion proportionate share of joint venture net sales. Visit www.generalmills.com.

SOURCE The Rockefeller Group

/CONTACT: Brian P. Mahoney, +1-212-282-2590, bmahoney@rockgrp.com, or Sandra Manley, +1-212-282-2123, smanley@rockgrp.com, both of The Rockefeller Group

/Web site: http://www.rockgroupdevelopment.com

 
 

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