SLB Expands Shreveport Footprint to 3.1M Sq. Ft., Fully Leasing IRG’s Revitalized GM Site
Event summary
- SLB has expanded its operations at IRG’s Shreveport Business Park to 3.1M sq. ft., leasing the remaining space in the 3.5M sq. ft. former GM facility.
- The site is now fully leased, with SLB, Hyundai Glovis, and USPS as tenants, employing an estimated 820 workers currently (expected to reach 1,400 by 2027).
- SLB’s total investment in the campus has grown from $18.5M in 2023 to over $48.5M with its latest expansion.
- IRG has leased approximately 4.3M sq. ft. of vacant space in 2026, demonstrating strong demand for industrial real estate.
The big picture
IRG’s full lease of the Shreveport Business Park underscores the growing trend of repurposing underutilized industrial sites into high-value manufacturing hubs. The project reflects broader shifts in energy technology investment and regional economic revitalization, with SLB’s expansion signaling confidence in both the facility and the local workforce. IRG’s success here may set a precedent for similar adaptive reuse projects nationwide.
What we're watching
- Industrial Demand
- Whether IRG can sustain this pace of leasing vacant industrial properties amid broader market trends.
- Regional Attractiveness
- How Shreveport’s ability to attract and retain large tenants like SLB will evolve post-2027.
- Economic Multiplier
- The pace at which job creation and economic benefits materialize for Northwest Louisiana beyond initial projections.