Demolition of Old IRC Plant on Greenway Road in Boone Begins, 17-Acre Property Listed at $6.6 Million

Published Friday, May 10, 2013 at 1:30 pm
Demolition for the IRC plant on Greenway Road in Boone recently began. Ken Ketchie

Demolition for the IRC plant on Greenway Road in Boone recently began. Ken Ketchie

By Jesse Wood

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Jones Lang LaSalle currently lists the property for sale. Photo by Ken Ketchie

May 10, 2013. Demolition of the International Resistive Corporation (IRC) plant on Greenway Road in Boone recently began, and Jones Lang LaSalle, a firm that specializes in commercial real estate services and investment management, currently lists the property for sale.

Jones Lang LaSalle lists the 17-acre tract for $6.6 million. Eleven acres of the property is graded and lies in “predominately” light industrial (M-1) and single family residential (R-1) with a “small portion” zoned multi-family residential (R-3), according to listings on multiple real estate websites.

Tax records show that the property has a tax value of $3,430,700. The land’s tax value is $1,176,300, and the tax value of the 149,616-square-foot building is $2,254,400.

In August 2011, TT Electronics, which bought the IRC plant in 1990, announced it was closing the plant and the vast majority of its 143 employees would be laid off by or before 2013 as operations were moving to Mexico.

Last October, the plant shut down for good and remaining employees were doing some “final cleaning” of the property and building, Michelle Coleman vice president of human resources for TT Electronics, told High Country Press last year.

Coleman couldn’t be reached immediately on Friday afternoon.

Read a past HCpress.com story on the plant’s closing: https://www.hcpress.com/news/whats-going-on-irc-plant.html

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