OPPORTUNITY

The McClellan Air Force base, which stretches 8.5 million sq. ft. and 3,000-acres, once supplied major logistical, repair and maintenance support on the West Coast for World War II, The Korean War, The Vietnam War and Operation Desert Shield/Storm. After being outbid by Hill Air Force Base in Ogden, Utah to perform aircraft overhauls, the base officially closed in 2001. In 2000, IRG purchased the California facility at a time when it was still a restricted access location.

OUTCOME

IRG invested more than $200 million into revitalizing the site and re-branding the property as McClellan Park. This included repurposing older buildings and constructing new buildings in key locations. The environmental clean up was significant. The responsibility and cost was transferred to IRG, who continues to indirectly aid the base by managing $1.2 billion in environmental remediation work. The collective redevelopment activities led to a successful conversion. The property now features 155 industrial buildings and 35 warehouses. Of those buildings, IRG operates industrial/office space, air museum, chapel, dormitories, hotel, conference center, base exchange and veterans’ services, recreational facilities and an airport. The real estate team leased up many of the property’s vacancies. More than 240 companies moved to the park in Sacramento, which became home to 14,000 employees.After millions of dollars in renovation and environmental remediation, McClellan Park is now widely considered the national gold-standard for large military base reuse.