IRG Investors, LLC (“IRG”) is pleased to announce the sale of the former Microsemi manufacturing facility located in Broomfield, Colorado. IRG purchased the approximately 20+/- acre property in June of 2014. The property included an approximately 110,000 square-foot industrial/office building located along US Highway 36. The Highway 36 corridor is a strong industrial and technological market in the northwest Denver Metropolitan Area. Properties are in high demand along the corridor.
The property was on and off market for approximately five years due to the environmental challenges that existed from past industrial operations. The property was previously used to manufacture semiconductors and related products and services. IRG’s business plan included administratively managing the current liabilities at the site with regulatory oversight, preparing demolition bids including materials management and preparing property reuse plans which included up to 300,000 square feet of industrial flex space.
Once the challenges at the site were resolved, IRG marketed the site for sale “as is where is” with Cushman and Wakefield. The property was sold to a local Denver, Colorado developer and closed on June 4, 2015.
For more information regarding this transaction or other potential transactions, please contact us