Newmark is marketing a 365,640-square-foot manufacturing and assembly asset for sale or lease at 510 E. Agency Road in West Burlington, Iowa.
Newmark senior managing director Jeffrey Miller is representing the seller, ABB, Inc. Newmark’s Thomas Sonk maintains the national relationship with ABB.
The heavy industrial-zoned, turnkey switchgear manufacturing facility features anchor equipment including an existing powder coat paint line, zinc-plating line, fluidized bed/epoxy coat line, waste water treatment facility and Towveyor parts system. The 38.7-acre site can accommodate exterior operations or building expansions of more than 150,000 square feet.
West Burlington is located in Southeast Iowa, immediately west of the Mississippi River, which serves as the border between Iowa and Illinois. Along the east property line, runs the Burlington Junction railroad that connects to the BNSF mainline about 1.5 miles north of the property.
There is an expected total reemployment opportunity in excess of 150 employees, skilled in complex engineered-to-order electrical equipment, steel and copper fabrication, powder coat painting, electro plating and epoxy finishing.
Buyers interested in the property will have the opportunity to qualify for local and state incentives based on new job creation, minimum qualified wage rates and improved property tax assessments.