POCATELLO, Idaho, June 21, 2021 /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the country's largest owners of commercial and industri...
POCATELLO, Idaho, June 21, 2021 /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the country's largest owners of commercial and industrial properties, announced today that it 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 Corporation operate on the multi-tenanted site.
"When we visited the property, we knew it would be a great investment," said Stuart Lichter, President of IRG. "The site has an incredible history, but we truly believe the best is yet to come."
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 new identity honors its rich history as an essential naval base, manufacturing and repairing colossal cannons and artillery, while looking ahead to its next chapter as a dynamic, commercial project with abundant infrastructure and excellent logistical and transport capabilities.
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