Old Boone plant being torn down
by Anna Oakes
Michelle Coleman, TT Electronics vice president for human resources, said the building is being demolished to make the property more marketable to potential buyers.
"Our intention is to demolish the building and sell the land," Coleman said.
Real estate firm Jones Lang LaSalle currently has the 17-acre site listed at a price of $6.6 million. The tract, of which 11 acres are graded, lies in light industrial (M-1) single-family residential (R-1) and multi-family residential (R-3) zoning districts, according to Jones Lang LaSalle.
The plant building was constructed in 1967 and was valued at $2.3 million at the time of the county's last property revaluation in 2006. The land was valued at $1.2 million at that time.
The factory operated for more than 50 years, with 143 employees at the time TT Electronics announced it was closing the Boone plant in August 2011. The plant manufactured resistors for the automotive, computer, communications, medical, industrial and instrumentation markets worldwide.
The company moved the plant's operations to a facility in Mexicali, Mexico.