Magna PowerTrain

This strategic joint venture began as a speculative manufacturing specific shell building developed to attract new jobs. Delaware County secured the real estate and provided financial backing. The City of Muncie provided assistance with the delivery of public utilities. Garmong Development Company, LLC provided all project development services including initial project financing, conceptual planning, site/facilities design, construction, assisting with project marketing, and the negotiation of a long-term lease to Magna as the end user. This now completed 101,000-square-foot, precast concrete, advanced manufacturing facility is designed and constructed to facilitate future expansion of up to 240,000 square-feet on this 24 acre site. The total facilities, equipment, and technology investment by Garmong Development Company, LLC and Magna MTP-Muncie approximates $20.0M.