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Industrial Realty Group

LA-Area Lands Revamped Food/Beverage Facility

Continuing its fund-raising winning streak, IRG Industrial, LLC (IRG) has added its second institutional private-placement bond offering of $275 million. 

This latest iteration of funding is evidence of IRG’s growth. The recent round brings IRG’s total funding over the past 12 months to more than $1 billion, according to a news release. “With this latest offering, the company has received investments from 18 institutional investors. Goldman Sachs and JP Morgan Chase served as placement agents for the offering,” according to the same release.

Of note is the company’s investment-grade credit rating, which was reaffirmed by DBRS/Morningstar with a stable, BBB-related, outlook.

“Our portfolio has never been stronger, and with this additional financial flexibility, we see tremendous opportunity for continued stability and growth this year and beyond,” said John Mase, Chief Executive Officer of IRG.

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Industrial Realty Group

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