IRG Expands Twin Cities Footprint with 422,727-SF Distribution Facility Acquisition
Event summary
- IRG acquired a 422,727-SF distribution facility in South St. Paul, Minnesota on August 28, 2026.
- The property includes 392,727 SF of warehouse space and 30,000 SF of office space on 19 acres.
- The facility features cross-dock loading, 36 dock-high doors, and an existing Union Pacific rail spur.
- The property is fully available for occupancy and can accommodate single or multiple tenants.
The big picture
This acquisition strengthens IRG's position in the Twin Cities industrial real estate market, capitalizing on the region's robust logistics infrastructure. The deal reflects the ongoing demand for large-scale distribution facilities with rail access, a trend driven by e-commerce growth and supply chain optimization. With over 100 million SF of rentable space across 32 states, IRG is positioning itself as a key player in the industrial real estate sector.
What we're watching
- Leasing Velocity
- How quickly IRG can secure tenants for the fully available facility.
- Rail Activation
- Whether IRG will invest in activating the existing Union Pacific rail spur.
- Portfolio Strategy
- The pace at which IRG continues to expand its industrial footprint in the Twin Cities region.
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