Industrial Redevelopment
Bruce Haas has over 30 years of industrial real estate experience. Prior to forming IR, Bruce was an Executive Vice President at Industrial Realty Group, LLC ("IRG") where he focused on the acquisitions of new properties, new business development and managing marketing & leasing coordination for the IRG properties. Bruce started with IRG in 1999 when the portfolio was approximately 20 million square feet and was involved in approximately 40 acquisitions totaling over 60 million square feet over 12 years.
Clients include Intel, Weyerhaeuser, GE, Morgan Stanley, Angelo Gordon, and PCCP Capital. Apart from acquisitions, Bruce was also a part of the management team that purchased and redeveloped the former McClellan Air Force Base into McClellan Park (www.McClellanpark.com). Many of the projects featured on IRG's website (www.IndustrialRealtyGroup.com) were projects acquired and redeveloped by Bruce.
In March of 2013 Bruce started Industrial Redevelopment. Since leaving IRG in March of 2013 Industrial Redevelopment has bought three projects, partnering with Fortress Investments and LDK Associates on two of the projects. Additionally Bruce has continued to consult with IRG and help with the existing portfolio which he is one of the largest owners.
Prior to Mr. Haas' tenure with IRG he had an 18 year career at CB Richard Ellis beginning in the training program in 1981 and working his way up to Senior Vice President where he specialized in industrial properties. Additionally, Mr. Haas assisted in the development of several R&D/technology parks and became a regional expert of electronic, pharmaceutical, biotech and R&D facilities. Mr. Haas was also a partner in the Special Properties Group at CB Richard Ellis assisting with the brokerage of major manufacturing facilities across the nation Mr. Haas left CBRE in 1999.
Industrial Redevelopment with partner Fortress Investments acquired the former Intel campus in DuPont Washington. The project includes two 320,000 square foot four story state of the art office buildings and a 370,000 square foot warehouse manufacturing facility. Bruce negotiated a partial lease back of some critical space in the complex with Intel Corp as part of the purchase and is currently redeveloping the remaining space on the campus.
A property located in Banning, CA totaling 125,000 square feet. The property was originally a manufacturing facility which produced connectors for the aerospace industry. As with many older manufacturing facilities it had some functional obsolesces and an environmental condition. IR purchase the property on an all cash basis and invested significant dollars getting a clean phase 1, and renovating the facilities. The property is now fully leased creating jobs for the city, repurposing an old facility and creating cash flow for Industrial Redevelopment. This is an example of adaptive reuse and brownfield redevelopment.
Bruce has teamed up with LDK associates to redevelop the former Steelscape facility in Richmond California. What started as a potential redevelopment for a previous client turned into to complete demo and rebuild due to environmental conditions. The site is a total of 42 acres located off I-80 in Richmond, CA. The purchase price included a hold back for demo and environmental. The project is now in the final stages of the clean-up work and IR with LDK will develop an approximate 700,000 sq.ft. state of the art distribution facility. This site had sat empty for over 6 years until being taken on as a brownfield redevelopment project, going from an eyesore to bringing in new industry, jobs and eliminating an environmental condition.
4100 Newport Place Drive, Suite 820, Newport Beach, CA 92660
Bruce@IndustrialRedevelopment.com
310.678.1774
714.508.7371
