Show W WAA AA Reveals SR S. L. L Sale Of Arms Plant The former Remington Small Arms Co plant at 1710 Redwood rd will be sold to John M. M Wallace Leland B. B Swaner and Harold H H. Bennett by bJ the government for Approval of the sale was announced announced announced an an- Monday by Denver re regional regional re- re gional War Var Assets administration head John A A. Skeen The government was g given cn permission permission permission per per- mission to retake control of the former munitions plant for defense purposes upon days notice however The plant cost the government some to build during the war The property comprises 1000 acres of land and 30 buildings The Veterans' Veterans administration structure on the property was not included in the sale According to previous announcement announcement announce announce- ment the three buyers plan to use the area for development dc of wholesale wholesale whole whole- sale fabricating and business offic offices of of- fic s it was announced Earlier they had expressed some doubts double as to whether they could use the area arca If the recapture clause were contained in m final sale pro pro- visions Mr Wallace is president of the Walker Bank Trust Co and Mr Bennett vice president and general manager of Z C eM M I. I Mr Bennett announced here that we vill will negotiate with the war assets administration over terms of ot the recapture clause Other than that Ive I've nothing to say except we are happy about the award |