Sold, but still an opportunity for another brewery
The new owner of Hale’s Ales Brewery is not a brewery; rather, it is a real estate development company based in San Francisco. The sale, it seems, has nothing to do with the Hale’s Ales brand. Just the property. REDCO Development is a third-generation company focused on the adaptive reuse and repositioning of commercial properties. Reportedly, REDCO paid $8 million for the building, including the equipment therein. (Images from REDCO.)
Currently, REDCO is offering the property as a brewery, noting that it could be used as something else if the new tenant is so inclined. REDCO refers to it as a “Creative industrial building totaling 35,750 SF on approximately 0.56 acres.”
“The Property has roughly $2.5 million dollars of existing equipment and infrastructure creating extremely attractive plug and play opportunity for future brewery tenancy,” says the REDCO website. “Inversely, the brewing equipment can be removed for traditional warehouse, manufacturing or creative office type tenancy allowing for greater flexibility.”
It’s no surprise that REDCO is interested in offering the property as a turnkey brewery and taproom/pub. Industry insiders have suggested that in recent years Hale’s Ales tried to do the same before selling the building. REDCO calls it an “Incredible opportunity to take advantage of the existing infrastructure and improvements to create, store and produce a whole new destination.”
If a brewery tenant is found, you’ll read about it here on the Washington Beer Blog. In fact, whatever becomes of the iconic Hale’s Ales Brewery, we’ll make sure you know about it.