NEW YORK The new owners
of the Beech Bottom, W.Va., site formerly owned by RG Steel LLC
are seeking tenants from the energy industry to repurpose the
property, plant and equipment.
"We were originally drawn to the
site because of the energy boom in the area, the magnitude of
the site and our desire to bring jobs. Its a great
opportunity to redevelop the site," said Susan Skros, vice
president of marketing and investment relations at Los
Angeles-based Hackman Capital Partners LLC.
Hackman Capital purchased the
property for redevelopment in conjunction with local partners,
Skros said. The firm bought the facility for $4.4 million
through a West Virginia company called State Route 2 LLC,
according to documents filed in U.S. Bankruptcy Court in
amm.com, Nov. 26).
Hackman Capital owns the
facilitys equipment, while Business Development Corp. of
the Northern Panhandle (BDC) owns the land, Skros said.
The site has attracted interest
from North American and European companies looking to
capitalize on the sites proximity to the Marcellus and
Utica shale formations, BDC executive director Patrick Ford
told AMM. Some 120 acres have been remediated and are
ready for a new tenant, he said. "Were negotiating leases
as we speak."
Ford said the property totals
616 acres, which includes the remediated land, a
500,000-square-foot building and a water-treatment facility,
making it attractive to companies seeking to serve the natural