What is the I-X Center worth?
“We have determined the fair market value of the I-X Center and its properties to be $33 million,” Lambros wrote.
Who owns the I-X Center now?
Industrial Realty Group
Industrial Realty Group, one of the country’s largest owners of commercial and industrial properties, announced Wednesday it will purchase the stock in the I-X Center Corp. from that company’s parent, Park Corporation, which had operated the I-X Center for 35 years.
Did someone buy the I-X Center?
Industrial Realty Group LLC has acquired the stock of I-X Center Corp., the privately held company that controls the 2.2-million-square-foot facility.
What year did the I-X Center open?
1985
International Exposition Center/Opened
What was built at the I-X Center?
In 1977 the Park Corp. of Charleston, WV, bought the facility to create an international trade mart. That plan never fully materialized, but in 1985 Park opened the former tank plant as the I-X Center, billed as the largest single-building exhibition facility in the world.
How large is the I-X Center?
2.2 million square foot
“The I-X Center has been on our radar for years,” said Stuart Lichter, President of IRG. “It has 159 acres full of potential and a versatile 2.2 million square foot building.
What was the I-X Center originally built for?
Cleveland Bomber Plant
It was built in 1942 as a General Motors-operated factory and was used to build bombers during World War II as the Cleveland Bomber Plant.
Will the I-X Center ever reopen?
IRG said in a press release Thursday morning that it will reopen the facility for events and trade shows later this year and plans to redevelop the land — the property is 159 acres in all — in future years. “It has 159 acres full of potential and a versatile 2.2 million square foot building.
What’s going on with the I-X Center?
The I-X Center closed in September 2020 after 35 years in business, citing the effects of the coronavirus pandemic. It had welcomed more than two million visitors annually. Their plans for the massive IX Center Complex go beyond maintaining the status quo.
Who is the owner of the I-X Center in Cleveland Ohio?
I-X Center
| International Exposition Center | |
|---|---|
| Address | One I-X Center Drive Cleveland, Ohio 44135 |
| Coordinates | 41.39850°N 81.85312°WCoordinates:41.39850°N 81.85312°W |
| Owner | City of Cleveland |
| Operator | Industrial Realty Group |
What is happening to the I-X Center?
The I-X Center announced last September that it would close permanently due to COVID-19. Copyright 2021 WOIO.
How big is the I-X Center in Cleveland?
“It has 159 acres full of potential and a versatile 2.2 million square foot building. We’re preparing a creative, robust plan for the surrounding development, while simultaneously reopening the existing I-X Center for convention and trade show use this year.”
