Industrial Realty Group

IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 28 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America’s most difficult real estate challenges.

IRG acquires, preserves, redevelops and repositions corporate and governmental real estate assets for modern day use through individual partnerships and limited liability companies. The majority of the assets in the portfolio have been purchased well below replacement costs permitting IRG to spend sufficient capital to modernize the existing facilities, while still being able to offer inexpensive leasing terms to tenants.

While each acquisition requires its own specific strategy, many projects share similar structures and traits. Most of the projects involve acquiring real estate that is no longer needed by its current owner and renovating the property to meet market requirements. For instance, in 2005 IRG purchased a dilapidated steel mill in Baltimore, Maryland from a bankrupt steel manufacturer. Through a complex transaction, IRG completely renovated the 800,000 square foot facility, remediation of the environmental concerns and re-developed the project into a facility that currently houses major operations for Boise Cascade (NYSE: BZ), Weyerhaeuser (NYSE: WY) and several other regional users. Certain projects involve lease-back transactions with major corporations where IRG reduces operating costs at the property so that the tenant can remain in their facility. IRG has successfully completed these types of transactions with major corporations, such as Goodyear (NYSE: GT) and Lockheed Martin (NYSE: LMT).

IRG has continually managed impressive NOI growth rates and excellent return on capital to portfolio investors for many years.