IRG Acquires Large Distribution Facility in St. Paul
Industrial Realty Group (IRG) has acquired a 422,727-square-foot industrial distribution facility located at 411 Farwell Avenue in South St. Paul, Minnesota. The property is situated on 19 acres and includes warehouse space with cross-dock loading capabilities, rail access via Union Pacific, and proximity to major transportation routes like Interstate 494. The acquisition expands IRG's portfolio in the Twin Cities region and offers a fully available facility for occupancy or repositioning. The property is configured for efficient distribution operations and can accommodate either single large tenants or multiple users. Peter Goffstein of IRG highlighted its strategic advantages, including rail capability and access to regional transportation networks. IRG operates over 150 properties across the U.S., with a focus on commercial and industrial real estate development.
Topics: commercial real estate distribution centers logistics infrastructure