IRG continues portfolio expansion with 1.4msf mixed-use facility
Transactions - JUNE 22, 2021

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IRG continues portfolio expansion with 1.4msf mixed-use facility

by Released

Industrial Realty Group has acquired a former Navy Ordnance Plant in Pocatello, Idaho.

The massive, 23-building campus includes 1.4 million square feet of warehouse, industrial and office space. Companies including Eaton Metal Products, Frazier Industrial Co., Mountainland Contractors Supply, SME Steel Corp., and Virginia Transformer Corp. operate on the multi-tenanted site.

Future plans include investing into the aging facility by completing deferred maintenance, improving the exterior landscaping, painting and other roadway improvements. IRG is also considering offering new retail opportunities on site. These efforts will likely attract a mix of tenants, including industrial distribution, manufacturing, office and retail tenants.

"The project is very attractive to tenants looking in the Southeast Idaho market," said Don Zebe, the listing broker. "We've responded to multiple interested tenants who are considering leasing existing space or potential build to sui

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