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84 Lumber Company Sells $2.5 Million - Commercial Property Through IronPlanet

PLEASANTON, Calif. — May 18, 2009 — IronPlanet® (www.ironplanet.com), the world’s leading online auction company for used construction and agricultural equipment, announced that IronPlanet Real Estate LLC recently completed a $2.5 million commercial real estate sale in Gibsonton, Fla.

The property — four warehouse buildings totaling more than 57,000 square feet on 16 acres of land — was a former truss manufacturing facility owned by 84 Lumber Company, a leading supplier of building materials and services to professional contractors based in Eight Four, Pa.

“We sell our used equipment through IronPlanet, and we’re very pleased with the results,” said Cheri Bomar, Corporate Counsel with 84 Lumber Company. “We thought IronPlanet’s broad buyer base would be attractive for selling our commercial property, and we were right. Just like selling equipment, IronPlanet delivered fair market value for our property.”

“Even in this difficult market environment for real estate, we were very pleased with this sale and the level of price performance we achieved for 84 Lumber,” said Jeff Jeter, Senior Vice President of International and New Business for IronPlanet. “This sale is indicative of the strength of our business model and the access we have to a very broad and global marketplace of buyers.”

84 Lumber Company has engaged IronPlanet Real Estate to sell additional properties in North Carolina on July 7, 2009. Interested buyers can receive further information on the real estate sale at www.ironplanet.com.

IronPlanet Real Estate has partnered with Higgenbotham Auctioneers in real estate sales, which brings more than 45 years of experience in successful real estate auction marketing, and extensive experience in marketing industrial, commercial and agricultural properties.

About IronPlanet
IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.