Colliers is proud to announce the firm has been assigned leasing advisory services for historical industrial site, Titan Center, in Pocatello, ID. Totaling 1.4 MSF, Titan Center is one of the largest available industrial spaces in the state. Colliers brokers, Don Zebe, Jared Zebe and Mike Zebe, represent the owner, Industrial Realty Group, LLC (IRG), and are looking to secure tenants for a combined total of ±680,000 SF. For additional information on Titan Center, please contact Colliers in Pocatello at 208 951 2100.
Read the following press release from Industrial Realty Group, LLC (IRG).
IRG Continues Portfolio Expansion with 1.4 million SF Mixed-Use Facility in Pocatello, Idaho
Pocatello, ID – Industrial Realty Group, LLC (IRG), one of the country’s largest owners of commercial and industrial properties, announced today that it has acquired a former Navy Ordnance Plant in Pocatello, Idaho.
The massive, 23-building campus includes 1.4 million square feet of warehouse, industrial, and office space. Companies including Eaton Metal Products, Frazier Industrial Co., Mountainland Contractors Supply, SME Steel Corp., and Virginia Transformer Corporation operate on the multi-tenanted site.
“When we visited the property, we knew it would be a great investment,” said Stuart Lichter, President of IRG. “The site has an incredible history, but we truly believe the best is yet to come.”
Future plans include investing into the aging facility by completing deferred maintenance, improving the exterior landscaping, painting, and other roadway improvements. IRG is also considering offering new retail opportunities on site. These efforts will likely attract a mix of tenants, including industrial distribution, manufacturing, office, and retail tenants.
Don Zebe, Jared Zebe, and Mike Zebe of Colliers have already begun marketing the site, which has been rebranded “Titan Center.”
The new identity honors its rich history as an essential naval base, manufacturing and repairing colossal cannons and artillery, while looking ahead to its next chapter as a dynamic, commercial project with abundant infrastructure and excellent logistical and transport capabilities.
“The project is very attractive to tenants looking in the Southeast Idaho market,” said Don Zebe, the listing broker. “We’ve responded to multiple interested tenants who are considering leasing existing space or potential build to suit options on the 150-acre property. We anticipate this high demand will continue.”
The project features a combination of heavy capacity cranes, desirable ceiling clearance, rail connection, and easy access to interstate travel on I-86 and I-15, which would be nearly impossible to duplicate anywhere in the country.
IRG credits the City of Pocatello for a smooth transition.
“The city is excited to welcome Industrial Realty Group to Idaho,” said Mayor Brian Blad of Pocatello. “This shift, at such an important campus in our community, will result in an expanded tax base and significant job creation as more companies choose to move to the great city of Pocatello.”
For further information please contact:
Amie MacKinnon | Director of Marketing & PR, Idaho
208 472 1662 | firstname.lastname@example.org
About Colliers International Group Inc.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.