[ By Ed Harrington ]

In August 2003, the Ford Motor Company started producing the first new models at its Torrence Avenue Assembly Plant in southeast Chicago in almost two decades. Since the mid 1920s, when it was making the Model T, and most recently the popular Ford Taurus and Mercury, Torrence Avenue has been one of Ford's top producers. But in a new era of just-in-time auto manufacturing, Ford is improving the way it builds cars and trucks.
The Chicago Manufacturing Campus, located just a quarter of a mile east of the Torrence Avenue Assembly Plant, is a groundbreaking development. The retooled Torrence Avenue Plant, now supported by a state-of-the-art supplier campus, will produce two new Ford models -- the Ford Freestyle and Ford Five Hundred, and one new Mercury - the Mercury Montego.
The recently completed 155-acre supplier park houses nine of the auto-maker's top-tier parts suppliers in four buildings, consisting of 1.6 million square feet of manufacturing space. Proximity to the Torrence Avenue facility allows the suppliers to produce parts and immediately send them to the assembly line, eliminating the inefficiencies associated with transporting and storing inventories.
The supplier park sets Torrence Avenue apart from other manufacturing facilities. Rather than having its suppliers in various geographic locations around the Midwest, they are now centralized in an industrial condominium complex near the assembly plant. As a result, the average distance for a given part to the assembly line has been reduced from 425 miles to 125 miles. Ford will also see the gains in efficiency on total assembly time, as mistakes and quality issues can be quickly addressed at the source before production continues. Key to the process is the increased level of communication between Ford and its suppliers, and between the individual suppliers. The location of the campus, and the implementation of a just-in-time manufacturing model, result in dramatic reductions in inventory and shipping costs and provide more flexibility for the Torrence Avenue plant. In fact, the plant is one of several of Ford's North American plants being adapted for flexible manufacturing, which allows several different automobile models to be built on a single assembly line. Not only will Ford be able to reduce its manufacturing costs, but also it will be able to modify its assembly lines to produce the most in-demand model.

Ultimately, Ford Land (Ford Motor's real estate arm) chose CenterPoint Properties Trust (NYSE:CNT), an Oak Brook, Illinois-based REIT. CenterPoint and Ford Land Development formed a successful joint venture partnership to develop and market the property to Ford suppliers. CenterPoint is the largest owner and developer of industrial property in Chicago, owning and managing 36 million square feet of property and approximately 3,330 acres of developable land.
After Center-Point acquired the land, in conjunction with Ford Motor Company, the City of Chicago and the State of Illinois, it negotiated to secure an incentive package that would help Ford encourage its suppliers to locate to the campus. The city and state were primarily concerned with job growth, needing to insure that the incentives provided would ultimately result in job creation. Public support in the form of infrastructure improvement grants, Tax Increment Financing (TIF) and other incentives were critical factors in enabling the project to move forward. Ultimately, this assistance allowed for the redevelopment of a brownfield site in a manner that would attract suppliers and distributors to relocate their operations - primarily from other states - to the Chicago Manufacturing Campus. Ford identified the major parts suppliers to relocate their manufacturing operations to the park, promoting the cost savings of being less than a half-mile from the assembly plant. The venture was able to establish lease agreements after it sourced three major suppliers, Visteon Corporation, ZF Lemforder Corporation and Tower Automotive, to locate to the park.
With the knowledge that its three largest suppliers would be located in the campus, Ford was willing to insure that the jobs would be created. As a result, CenterPoint was able to secure the city and state funding, which included, in total, over $100 million in roadway improvements, $11 million in TIF financing and a $4.8 million Large Business Development Grant.

Risk management was largely achieved through the use of engineered barriers throughout most of the site, including a detention basin and green space areas. Traditional engineered barriers included building foundations and paving, while more innovative forms of engineered barriers included a permeable geosynthetic membrane clean fill. The entire site was enrolled in the Illinois Environmental Protection Agency's voluntary Site Remediation Program in order to secure 'No Further Remediation' (NFR) letters. NFRs have been granted for 80 acres, with another 15 acres pending.
Currently, the campus employs more than 680 people. When fully operational in the third quarter of 2004, the campus is expected to create 1,000 to 1,200 high-quality manufacturing jobs. All of these jobs are new to the City of Chicago and all but 106 are new to the State of Illinois. The campus also retains 2,500 jobs at the existing Torrence Avenue Assembly Plant, in addition to 300 new jobs recently announced by Ford.
Developing Ford's Manufacturing Campus in the City of Chicago is of great importance to the city. Greater efficiency and excess capacity in the auto industry has increased competition not only for jobs, but also for the economic growth potential of automobile manufacturing and distribution. The vision of Ford Motor Company and CenterPoint Properties has put the City of Chicago and the State of Illinois in a position to enhance the viability of Ford's Chicago Assembly Plant and Chicago Heights Stamping Plant and to capitalize on the future growth of this industry.
Ed Harrington is a vice president of development at CenterPoint Properties Trust, focusing on the development of light manufacturing, industrial and logistic parks.
For more information
CenterPointProperties
www.centerpoint-prop.com
Online exclusive: Chicago Manufacturing Campus Powerpoint presentation from the I.con Conference, June 2004www.naiop.org/conferences/icon04/closeout/ford.ppt
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