While the property that houses Irwindale Events Center has changed hands, activities at the oval track and drag strip are expected to continue as planned next season.
The property formerly owned by NuWay Industries has been sold to Lindom Properties for a reported $22 million.
“Our property lease/contract for the 2014 event season has been transferred with the sale and we are very much looking forward to full facility operations and a great 2014 here at IEC,” said Irwindale Events Center President Jim Cohan in a statement.
“We’d like to go on record thanking our former landlords at NuWay Industries, Jim Mnoian and Jay Garrett, for the professional way that the negotiations were carried out.
“Our lease with NuWay was negotiated on an annual basis so there were no surprises for our side when the arrangement was announced. We look forward to working with our new landlords to everyone’s very best advantage.”