#United States #Industrial Realty Group #St. Paul #Sportsman's Guide

IRG Expands Industrial Presence with New Acquisition in St. Paul, Minnesota

Industrial Realty Group, LLC (IRG), recognized as one of the leading privately held commercial and industrial real estate firms in the United States, has announced a strategic acquisition of a distribution facility located in South St. Paul, Minnesota. This latest acquisition underscores the company’s commitment to enhancing its industrial real estate portfolio, particularly in the thriving Twin Cities area.

Facility Details

The newly acquired property spans an impressive 422,727 square feet and is situated on a 19-acre site at 411 Farwell Avenue. Historically, this facility served as the headquarters for type of retail business that thrived in the digital age—The Sportsman's Guide, a notable online and catalog retailer. With its cross-dock configuration and substantial space, the site is tailored for efficient distribution operations.

The facility encompasses nearly 392,727 square feet dedicated to warehouse space and an additional 30,000 square feet designed for office use. Currently, it is fully available for occupancy, providing an appealing opportunity for IRG to reposition the property in the marketplace for industrial users looking for efficient logistics solutions.

Strategic Advantages

One of the standout features of this distribution facility is its cross-dock loading capabilities on three sides, complemented by 36 dock-high doors and two drive-in doors. This setup allows for swift loading and unloading operations, which are essential for a high-functioning distribution center. Along with a 110-foot truck court, the facility boasts a 22-foot clear height and considerable employee parking, all critical elements for any industrial operation.

Furthermore, the property has an existing Union Pacific rail spur and rail doors, positioning it for potential future rail service once activated. Peter Goffstein, Executive Vice President of IRG, emphasized the strategic importance of this acquisition by stating, “411 Farwell is a highly functional distribution asset with the infrastructure, scale, and location to serve a wide range of industrial users.” He noted that the property’s cross-dock configuration and rail capability enhance its overall appeal, particularly for businesses requiring effective regional or national distribution capabilities.

Accessibility and Location

Located approximately two minutes from Interstate 494, the facility enjoys excellent accessibility to the larger Minneapolis-St. Paul interstate network, making it an ideal location for distribution and logistics operations that service a broad geographic area. Only about 15 minutes from both downtown St. Paul and Minneapolis-St. Paul International Airport, this site is perfectly positioned for businesses anticipating significant shipping needs or inbound supply chains.

The flexibility of the space allows it to accommodate either a single large tenant or to be partitioned to support multiple smaller users, making it a versatile asset for various potential leasing arrangements.

Conclusion

With the acquisition of the South St. Paul facility, IRG continues to solidify its standing as a formidable player in the industrial real estate sector, enhancing not only its portfolio but also contributing to the economic landscape of the Twin Cities. The ability for IRG to adapt and innovate in the face of evolving industrial demands positions the company as a go-to entity for businesses seeking high-quality industrial logistics solutions.

For leasing inquiries regarding the facility, companies are encouraged to reach out to IRG's Leasing Team, which includes seasoned professionals ready to assist potential tenants in navigating the opportunities that 411 Farwell Avenue presents.

Whether for large scale logistics operations or flexible leasing options for smaller businesses, this latest addition to IRG’s portfolio ensures a continued commitment to supporting growth and efficiency in the industrial sector.