China Aluminium Network
California Firm Buys Kaiser Smelter
Edited by : AL CIRCLE
1 min read
A California company that acquires old industrial locations has paid $1.5 million for the former Kaiser Mead smelter operation. New Mill Capital, LLC, plans to convert some of the existing buildings on the 183-acre North Spokane site into usable industrial locations for new tenants, said Gregory Schain, executive VP of New Mill.
Other buildings will have to be gutted and taken down, he added. New Mill is a subsidiary of Industrial Realty Group LLC, a California company that buys and develops excess commercial and industrial properties across the country. Its website said the firm has a portfolio of over 80 million square feet within 70 projects across the United States. The plan is to turn the site into a north Spokane industrial park, Schain added.
Other buildings will have to be gutted and taken down, he added. New Mill is a subsidiary of Industrial Realty Group LLC, a California company that buys and develops excess commercial and industrial properties across the country. Its website said the firm has a portfolio of over 80 million square feet within 70 projects across the United States. The plan is to turn the site into a north Spokane industrial park, Schain added.
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