25-35 Designating Resolution - Real Property Tax Abatement for South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC

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Filed in Clerk's Office May 15, 2025 JUN 1 7 2025 Bianca Tirado City Clerk, South Bend, IN Mark W Bemenderfer Manager Business Development Department of Community Investment City of South Bend 227 W.Jefferson Blvd., Ste. 1400S South Bend, IN 46601 RE: 701 W. Chippewa Street, South Bend, IN 46614 Dear Mr. Bemenderfer: The current owners of the property located at the above-address is a subsidiary of Industrial Realty Group.. (n - s:i%n,'wv 1. dus`~ e D.ry:;-o,,,D.c:Di ) Industrial Realty Group, LLC (IRG) is among the country's largest owners of commercial and industrial properties with a privately held and managed portfolio in excess of 100 million square feet. IRG is a nationwide company, which owns and operates more than 150 major projects and developments in 31 states. Nationally recognized as a leading force behind the adaptive reuse of buildings and facilities throughout the nation, our projects often involve acquiring under-performing real estate and developing a creative repositioning plan to renovate, lease and maintain the property to stabilization. Retrofitting otherwise obsolete buildings, corporate campuses, and industrial complexes resulting in a collaborative win for local communities,tenants and IRG. IRG has been recognized for its success in solving complex real estate challenges, including converting corporate campuses into mixed use projects and brownfield sites (including NPL Superfund Sites) into vibrant, environmentally-clean, business parks. In addition, IRG is a leader in the conversion and privatization of federal properties. Our portfolio includes three closed military bases, a former NASA manufacturing facility and a closed Veterans Affairs complex. IRG has an extensive national team of over 150 employees prepared to manage contractors, subcontractors, and/or hire staff to meet and exceed project expectations. IRG's operating plan is to hire locally with rare exceptions. IRG identifies and builds relationships with key site personnel and retains experts with deep institutional knowledge about the property's past to support the site's future vision. IRG secures vetted, local architects, civil engineers, construction companies and service companies, and those with experience working on the site are often selected. IRG has master developed projects of varying scales throughout the U.S, and their internal team and third-party experts analyze each project and prepare a customized development plan to cultivate the project's next chapter.This project will reposition the asset for job creation.