A Los Angeles company that specializes in redeveloping corporate real estate has bought Intel Corp.’s now-closed Colorado Springs computer-chip manufacturing plant and put it on the market for sale or lease, a broker who is marketing the property said Friday.
Industrial Realty Group, which buys distressed corporate real estate and converts the properties for lease to multiple tenants, bought the 1.4-million-square-foot plant at 1575 Garden of the Gods Road for an undisclosed price, said Michael Palmer of Grubb & Ellis/Quantum Commercial Group in the Springs.
Intel laid off most of its remaining 110 employees this year and vacated the property in June; production ended at the plant nearly two years ago.
Palmer said Industrial Realty Group is in preliminary lease negotiations with two potential tenants.
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