Project:
General Motors GEN IV Program
Saginaw, Michigan
CMI-Schneible, B+W Heat Treating and EAS Automotive Suppliers

Overview:
Corvus is building a new 170,000 sf facility to support the General Motors Saginaw Metal Casting Operations. Four automotive supplier tenants will perform cleaning, heat treating and pre-machining operations on the new aluminum engine blocks to be fabricated by GM by year’s end. General Motors is investing $80 million to retool the original Saginaw cast iron block foundry to build engine blocks made of aluminum. The facility is schedule for a September, 2004 completion.

Project:
Create a 96,000 sq. ft. state-of-the-art research and development center in Auburn Hills, Michigan. Our mission was to manage the design and construction of a very complicated facility while at the same time utilize the Corvus Financing methodology to secure the lowest rent possible.

Services Provided:
Corvus performed a feasibility analysis, construction cost estimates, workplace performance and organizational effectiveness audits, project financing, lease versus own analysis, site plans, expansion assessments, tax abatement and municipal inducements, code and zoning reviews, tenant build-out specifications, directed construction and relocation activities.

Benefits:
Project was completed on-time, within budget at a fixed 20-year cap rate that was 250 basis points under the closest competing developer.

Project:
VCI retained Corvus to coordinate and manage the construction and leaseback of a new $16 million corporate headquarters facility. VCI wanted to improve their workgroup efficiencies and implement new cross-functional methodologies to intensify employee teaming and collaboration.

Services Provided:
Workplace effectiveness and productivity audits, coordinated budgeting and feasibility analysis, site and vendor selection, construction and design management, building systems specifications, alternative workstation procurement, leaseback financing options and site acquisition services.

Benefits:
Increased worker performance, decreased absenteeism, flexible floorplan, 15-year lease rate at 250+ basis points under market.

Project:
Creation of a new 81,000 sq. ft. "state of the art" technology center to facilitate the consolidation of three separate US facilities into one centralized location. The project required fast-track project management to complete construction within six months.

Services Provided:
Project feasibility analysis, preliminary scheduling and budgeting, site selection, established specifications for developer proposals, lease negotiations, program management, tenant build-out specifications, furniture and workstation procurement and relocation management.

Benefits:
Secured a signature location site, relocated all personnel, project was on-time and on budget.

Project:
TecMar Distribution Services
Pontiac, Michigan
500 Centerpoint Drive, Pontiac, Michigan

Overview:
Corvus International built a fast-track 366,000 sf sequencing and distribution center in Pontiac, Michigan in only five months. The supplier is a highly-rated sequencer to General Motors and is contracted to be the drive train and bumper sequencer to the GM Pontiac East Assembly Plant for the next seven years. The Pontiac East Assembly Plant is GM’s most productive and profitable plant in the world, producing the popular S-10 pickups. The new facility, located within 1000 ft. of the GM Plant, was enthusiastically endorsed by GM because of the nearby location to the Plant. Its close proximity to the Plant will save GM over $2 million annually in trucking costs and JIT compliance from the previous Logistical Center locations. At completion, GM invested $1 million in equipment and infrastructure to prepare it for operations.

Property Highlights :

Project:
Reike Products
Hamilton, Indiana
2855 Bellfontaine Road, Hamilton, Indiana

Overview:
The existing 72,900 SF building, originally constructed in 1984, and the 38.2 acre property was purchased by Corvus and immediately renovated to meet the needs of Reike Products Corporation. The $1.4 million of building improvements include the replacement of the roof, complete interior painting, epoxy flooring and a new HVAC system. Since the purchase, Reike has invested over $2 million in new machinery and supporting systems.

Property Highlights :