In this episode of the Industrial Advisors podcast, the hosts discuss the concept of transforming obsolete industrial spaces into desirable tenant properties through retrofitting. They examine examples of successful projects in Tacoma, Auburn, and South Seattle, such as IRG's redevelopment of the Super Value site and the LIFT project at the old Sears building. The conversation also covers the significance of such projects in land-scarce markets, the trends of downsizing large industrial parks like 212 Business Park, and the ongoing viability of these transformations in the current market. The episode concludes with a review of a current project involving the former Ardagh glass plant and the potential for future redevelopment opportunities.

00:00  Introduction to Obsolete Spaces

00:27  Examples of Successful Retrofitting Projects

01:14  Market Dynamics and Challenges

01:31  Case Study: 212 Business Park

02:56  Viability in Today's Market

04:25 Conclusion and Final Thoughts

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