News

Former GM and JATCO sites listed for $15.7 million

FOR IMMEDIATE RELEASE

By Neil Johnson, The Janesville Gazette

The former General Motors property in Janesville is being sold in two major pieces: the 114-acre site that houses the former auto plant and the 112-acre former Janesville Auto Transport Co. site south of the plant, according to a broker who is listing the parcels.

The two pieces of property, along with several smaller parcels that are tied to the former GM site, bundle into a $15.72 million price tag, broker Bill Mears confirmed Monday.

Mears’ Janesville firm, Coldwell Banker McGuire Mears & Associates, is listing the sites for owner Commercial Development Company, which bought the GM property in December.

Both pieces of land are shown in separate listings on the firm’s website.

Combined, the listings show a significantly higher price tag for the former GM site than the $7.46 million price detailed in a Gazette report earlier this month.

Monday, Mears gave clarity to the scope and costs of the properties included in what is now called the “General Motors Redevelopment Campus.”

The $7.46 million listing covers only the 112-acre GM plant site, which houses the more than 4-million-square-foot conglomerate of auto plant buildings Commercial Development plans to demolish and remove for redevelopment starting this spring, Mears said.

In addition to that site, Mears said his firm also is listing the former Janesville Auto Transport Co., or JATCO, site south of the plant for a price of $7.33 million.

The sale listings for the former GM plant and JATCO areas have a combined price tag of $14.79 million. They make up the vast bulk of the properties Commercial Development owns that are linked to the former GM site, Mears said Monday. He said Commercial Development also owns other properties adjacent to the plant area that will be marketed as part of the overall GM Redevelopment Campus.

 

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