Ritchie Bros Auctioneers will mark the opening of its new permanent auction site in Medford with an unreserved industrial equipment auction on March 19.

The new 120-acre (485,622 sqm) site replaces the company's former 28-acre (113,311 sqm) site in Lakeville, Minneapolis. The Lakeville site will be sold in June. The site features a new 30,653-square foot (2,847 sqm) auction building housing a 561-seat auction theatre and a 27,291-square foot (2,535 sqm) building for refurbishing equipment.

Andy Artley, regional manager for Ritchie Bros, says the company is excited to be able to provide a "top-notch" facility to its customers. "We are located in a very visible and convenient location for people to transport their equipment and trucks to and from our new yard."