Industrial Realty Group is a privately-held real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate across the country. Over the past forty years, IRG and its principals have acquired or developed well in excess of a billion dollars of corporate and government properties. IRG manages more than 120 properties in 28 states, with over 100 million square feet of rentable space. IRG manages all aspects of the real estate process, from acquisition through development, asset management and disposition.
IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate throughout the country, solving some of America’s most difficult real estate challenges. IRG’s core competency is retrofitting otherwise obsolete buildings, corporate campuses, former military bases and industrial complexes. IRG is recognized for its success in converting Brownfield sites, including NPL Superfund Sites, to productive new uses.
For government properties, IRG is a leader in the conversion and privatization of federal assets, including closed military bases. IRG is master developer of three closed military bases, a former NASA manufacturing facility and a closed Veterans Affairs complex. In this area, IRG has been a national leader in economic development and job creation.
IRG is instrumental in assisting corporations in becoming more efficient in the use of their facilities. IRG has acquired major assets from such corporate institutions as General Motors, Ford, Intel, Textron, BF Goodrich, Goodyear, Lockheed Martin, Caterpillar, Spiegel, Winn Dixie, Whirlpool, Delphi, Westinghouse, International Harvester and United Technologies.
Industrial Realty Group has a track record of generating superior returns with a patient and disciplined investment approach. IRG acquires, preserves, redevelops and repositions corporate and governmental real estate assets for modern day use through individual partnerships and limited liability companies. The majority of the assets in the portfolio have been purchased well below replacement costs permitting IRG to spend sufficient capital to modernize the existing facilities, while still being able to offer inexpensive leasing terms to tenants.
While each acquisition requires its own specific strategy, many projects share similar structures and traits. Most of the projects involve acquiring real estate that is no longer needed by its current owner and renovating the property to meet market requirements. For instance, in 2005 IRG purchased a dilapidated steel mill in Baltimore, Maryland from a bankrupt steel manufacturer. Through a complex transaction, IRG completely renovated the 800,000 square foot facility, remediated the environmental concerns and re-developed the project into a facility that currently houses major operations for Boise Cascade (NYSE: BZ), Weyerhaeuser (NYSE: WY) and several other regional users. Certain projects involve lease-back transactions with major corporations where IRG reduces operating costs at the property so that the tenant can remain in their facility. IRG has successfully completed these types of transactions with major corporations, such as Goodyear (NYSE: GT) and Lockheed Martin (NYSE: LMT).
IRG has continually managed impressive NOI growth rates and excellent return on capital to portfolio investors for many years.
About American Development Center, LLC
American Development Center, LLC (“ADC”) is a premier EB-5 investment services company dedicated to providing early stage financial support in Targeted Employment Areas (“TEA”) for Industrial Realty Group (IRG). IRG is a privately-held real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate across the country. IRG’s core competency is retrofitting otherwise obsolete buildings, corporate campuses, former military bases and industrial complexes. IRG boasts over 120 properties in 28 states, with over 100 million square feet under its ownership. IRG manages the real estate process, from acquisition through development, asset management, and disposition.
IRG has developed several highly successful EB-5 projects, including the McClellan Park project (former McClellan Air Force Base in Sacramento, California), the Goodyear and Hoover headquarter renovation projects (Ohio), and Phase I of The Promenade at Downey. IRG enjoys a highly successful track record of developing its projects in a manner allowing its EB-5 investors to qualify their investments for US permanent residency pursuant to USCIS requirements under the EB-5 program and obtain repayment of their investment as well as an investment return. IRG’s projects, now supported by ADC, continue this strong tradition of creating thousands of jobs through successful real estate development projects funded through EB-5 investments.