Industrial Realty Group Expands Portfolio with Houston Ship Channel Acquisition

Industrial Realty Group Expands Portfolio with Houston Acquisition

Industrial Realty Group, LLC (IRG), one of the leading entities in the ownership of commercial and industrial properties across the United States, has recently announced its acquisition of a substantial industrial manufacturing facility located at 16730 Jacintoport Boulevard, strategically placed along the prominent Houston Ship Channel. This acquisition marks a significant enhancement to IRG's already expansive portfolio.

The newly acquired site spans approximately 221,879 square feet and encompasses a total area of 21 acres. What sets this property apart is its extensive facility infrastructure, which includes various structures, a barge dock, nine cranes, and a height clearance of 30 feet. The site is designed to accommodate heavy power needs and includes potential rail connections, making it an attractive asset for businesses engaged in manufacturing and logistics.

Additionally, the facility features an impressive 800 feet of waterfront frontage along the channel, offering opportunities for a deepwater dock for bulk vessels. This waterfront access is particularly beneficial for companies looking to streamline their cargo operations and reduce transit times on waterways.

Currently, the project has around 91,229 square feet available for lease, alongside approximately 10 acres of additional space that can be utilized for outdoor storage or further expansion. This adaptability makes it a unique proposition within the region, catering to diverse industrial needs.

Justin Lichter, Chief Investment Officer of IRG, shared insights on the significance of the acquisition, stating, "The project's positioning at the mouth of the Houston Ship Channel and its ability to serve as a point of entry through Houston make it unique in the market. IRG is engaging companies that are eager to join the business-friendly market in Texas and explore both domestic and international import/export opportunities."

This acquisition is IRG's second in Houston within recent years, indicating a focused expansion strategy in this vibrant market. As a result, IRG's holdings in Texas have now reached nearly 1.2 million square feet, showcasing the company’s commitment to growth in key markets.

Founded with a vision to innovate in the real estate sector, IRG has established itself as a powerhouse in the acquisition, development, and management of industrial properties nationwide. Their efforts have led to a portfolio that includes over 150 properties in 31 states, featuring over 100 million square feet of rentable space. Notably, IRG is recognized for its leadership in the adaptive reuse of commercial and industrial real estate.

In conclusion, IRG's strategic acquisition along the Houston Ship Channel not only positions them as a key player in the industrial real estate market but also provides valuable opportunities for businesses looking to leverage Texas' advantageous geographic and economic environment. For leasing inquiries regarding the new facility, potential partners and interested businesses are encouraged to contact Justin Lichter at the company.

To learn more about Industrial Realty Group and its offerings, visit their official website at www.industrialrealtygroup.com.