IRG Purchases Former Government Site for Industrial Conversion
Industrial Realty Group, LLC (IRG) has acquired the 129-acre, former U.S. General Services Administration (GSA) site in Auburn, WA. The company will begin construction and conversion of the property to Auburn 18 Business Park.
The existing 1.4-million-square-foot campus has eight buildings, which are being renovated. New construction will include eight new buildings, increasing the square footage to 2.4 million. The property is located near Interstate 5, sits between the Ports of Tacoma and Seattle, and features rail service from BNSF and Union Pacific.
“The support of the GSA and the Auburn community has created an environment that will foster future investment on-site. We are thrilled to begin the process of securing job-creating tenants,” said IRG’s Stuart Lichter. “The leasing team envisions a broad spectrum of tenants that could include a variety of industrial, manufacturing, light assembly and retail uses. This project really has it all.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.