Tucson Industrial Realty - Company Profile

Southern Arizona CCIM

Certified Commercial Investment Member

Press Releases

Global Investment Recovery, Inc. Acquires New Tucson Facility

For Immediate Release

Contact Global Investment Recovery, Inc.:
Cathie Campbell, National Sales Director-Western Region
(480) 704-4683

Contact TREO:
Laura Shaw, Vice President, Marketing and Communications
(520) 243-1940 office, (520) 609-5972 cell
Global Investment Recovery, Inc. Acquires New Tucson Facility

Tucson, AZ (March 1, 2007) -- Global Investment Recovery, Inc. (Global), an international recycler of computers, telecommunications equipment, consumer electronics, and classified military electronics, has completed the acquisition of a 44,000-square foot facility at 820 S. Euclid Avenue in Tucson, AZ. Global will provide electronic recycling services to existing customers and other potential customers located in the southwest region of the United States. The Tucson facility is the seventh recycling operation of Global, joining other operations in Tampa, FL, Aiken County, SC, and Reno, NV. Dave Gallaher of Tucson Industrial Realty is the broker.

Global expects to invest $3 million into the facility and begin production in May 2007. Global plans to employ 85 individuals at full capacity. The recycling of 20,000 personal computers, up to 15,500 monitors, and other products will be processed at this location. Recycling these electronics reduces the harmful materials sent to landfill, reduces the necessity to remove similar raw materials through mining operations and provides recyclable plastics -- replacing the need for new petroleum-based products.

“We are very excited and proud to grow into the vibrant Southwest area with our latest processing facility, bringing our company’s recycling knowledge, methods and techniques as well as providing new jobs for the Tucson area,” said David Ritter, President of Global. “Our recycling processes will prevent over 15 million pounds of electronics from being dumped into our landfills or beautiful mountain- and desert-scapes.”

“We are excited that Global is committed to making Tucson, Pima County and the State of Arizona a new home for one of its facilities. We look forward to the company becoming one of our outstanding corporate citizens,” said Joe Snell, president & CEO of TREO.

About Global Investment Recovery Inc.
Incorporated in 1992, Global is one of only seven primary electronic recyclers for the Environmental Protection Agency (EPA). Since 2000, Global has been a Primary Contractor for the Department of Defense for the de-manufacturing of electronic scrap and is one of only two companies in the U.S. authorized to process this material. Global also provides recycling services for OEMs, leasing companies and other large corporate entities. Each year, Global recycles 560 tons of plastics and nearly 2,800 tons of steel. For more information, visit www.girpm.com.

About TREO (Tucson Regional Economic Opportunities, Inc.)
TREO’s mission is to provide insight, infrastructure, resources and development efforts to accelerate economic prosperity throughout the Southern Arizona region. Combining programs and services into one organization, TREO supports the creation of new business, the growth and expansion of existing businesses, and the attraction of companies that offer high-impact jobs and share the community’s values. For more information, visit www.treoaz.org.

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520-294-1610
Fax: 520-620-1830

Tucson Industrial Realty
3777 E. Broadway Blvd., Suite 110
Tucson, Arizona 85716