Ford’s Atlanta Assembly Plant
property Sold To Jacoby
HAPEVILLE, Ga. – Ford Motor
Company today announced the sale of the Atlanta Assembly Plant
property in Hapeville, Ga., to Jacoby Development Inc.
Jacoby will redevelop the 122-acre
site adjacent to Hartsfield-Jackson Atlanta International
Airport into an “aerotropolis” – an aviation-intensive business
district that is expected to include office, retail, restaurant,
hotel and airport parking.
Ford worked with the city of
Hapeville, Hartsfield-Jackson Atlanta International Airport and
the Federal Aviation Administration to ensure the best use of
the site. Ford did not disclose terms of the sale.
“This is a unique property with
great development potential,” said Jay Gardner, director, Real
Estate, Ford Land. “We are delighted we were able to engage all
of the stakeholders – the cities, counties, airport and FAA –
and select a buyer able to deliver a viable and exciting
development. We are confident Jacoby's project will serve the
Added Jim Jacoby, Chairman and CEO
of Jacoby Development Inc.: “Just as the Ford assembly plant has
been an economic engine for the region for more than half a
century, this redevelopment will build on the powerful economic
engine that is Hartsfield-Jackson Atlanta International
The redevelopment of the Atlanta
Assembly Plant site will likely have a global focus to
capitalize on the airport’s future international terminal.
Jacoby’s experience redeveloping large brownfield sites,
including their mixed-use Atlantic Station development in
Midtown Atlanta, was an important consideration for Ford.