IRG Acquires Industrial Portfolio in St. Cloud

Industrial Realty Group, LLC (IRG) has acquired a 965,134-square-foot industrial portfolio in Central Minnesota.

The eight buildings acquired are part of the St. Cloud Industrial Park, home to the fulfillment operation of Publisher’s Clearinghouse (PCH). IRG intends to redevelop and lease the buildings as PCH vacates space in the near future.

“IRG has a strong track record of acquiring similar assets and securing job-creating companies to lease the space,” said Justin Lichter, Chief Investment Officer of IRG. “We will continue to work in concert with local stakeholders to develop a plan benefiting the economy and community in St. Cloud.”

Minnesota has long been a market of interest for IRG, which holds approximately 4.8 million square feet of space in the state. This includes Rochester Technology Campus, including IBM.

While the majority of the space in St. Cloud is currently leased, the transition out of several buildings by PCH provides the opportunity to attract a diverse mix of flex, distribution, warehousing and manufacturing users.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!