Bay Area developer REDCO Development just purchased the former Hale’s Ales building and warehouse at 4301 NW Leary Way.
The development company bought the 35,000 sq. ft. warehouse and building for $8 million.
Hale’s Ales closed in April after nearly 40 years in Frelard.
In a news release, REDCO said they plan to rehabilitate the existing structure “to create a highly desirable destination for both local businesses and unique experiences.” While that sounds somewhat vague, they also allude to the building’s “plug-and-play opportunity for future brewery tenancy,” adding that the property has about $2.5 million dollars of existing equipment and infrastructure.
“[This is an] exceptional opportunity as it is a perfectly positioned creative class industrial building which lends itself to a multitude of industrial and alternative users,” REDCO partner Jason Freise said in a statement.
REDCO also said that the brewing equipment could be removed to allow the building to be used as a “traditional warehouse, manufacturing or creative office type tenancy allowing for greater flexibility.”
When we learn the specifics about future building uses, we’ll share more.