{"id":1004644431,"date":"2023-02-09T12:00:00","date_gmt":"2023-02-09T20:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004644431"},"modified":"2023-02-14T07:59:34","modified_gmt":"2023-02-14T15:59:34","slug":"irg-buys-600-ksf-oregon-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irg-buys-600-ksf-oregon-facility\/","title":{"rendered":"IRG Buys 600 KSF Oregon Facility"},"content":{"rendered":"
\"\"<\/a>

Image by Simone Hutsch via Unsplash.com<\/p><\/div>\n

Industrial Realty Group<\/strong> has acquired Santiam Industrial Center, a 600,000-square-foot industrial facility in Stayton, Ore. Oregon Potato Co.<\/strong> sold the asset for $5 million, according to Marion County records. The property previously traded in 2020 for $3.8 million, CommercialEdge data shows.<\/p>\n

IRG plans to upgrade and revitalize the asset. As one of the largest industrial facilities in the area, Santiam Industrial Center can provide industrial, manufacturing, office, food processing and refrigerated space to the market.<\/p>\n

The property was built in 1949 and encompasses three buildings across 50 acres. The facility offers space for multiple tenants, currently hosting the U.S. Department of Forestry and Oregon Potato Co. in a portion of the property. President of IRG Stuart Lichter stated in prepared remarks that the company\u2019s goal is to lease the property to a variety of tenants to create more job opportunities for the community and bring a contribution to the economic status of the area.<\/p>\n

The facility is located at 930 W. Washington St., 16.3 miles from Salem and 60 miles from Portland. The property is situated within Oregon\u2019s agriculture corridor. Other companies in the surrounding area include RedBuilt, Helena Chemical and Jeld-Wen Windows & Doors.<\/p>\n

Capacity Commercial Group<\/strong> and First Commercial Real Estate<\/strong> are assigned for leasing services.<\/p>\n

Major projects for IRG<\/h2>\n

Industrial Realty Group owns 185 industrial properties across the U.S., adding up to a total of approximately 72 million square feet, CommercialEdge data shows.<\/p>\n

In the past year, the company launched several major industrial projects including the development of two build-to-suit facilities<\/a> in Suffolk, Va. And Portsmouth, Va., near the Port of Virginia, which will amount to a total of 1 million square feet.<\/p>\n

IRG also partnered with Belzberg & Co. back in October 2022 for the redevelopment<\/a> of 331 acres at San Diego\u2019s Brown Field Municipal Airport. The $1 billion project is set to be built over 20 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property is situated within the area\u2019s agriculture corridor.<\/p>\n","protected":false},"author":2829,"featured_media":1004644436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,15],"tags":[38614,38622],"class_list":["post-1004644431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-west","tag-capacity-commercial-group","tag-industrial-realty-group"],"acf":[],"yoast_head":"\nIRG Buys 600 KSF Oregon Facility - CPE<\/title>\n<meta name=\"description\" content=\"Industrial Realty Group acquired Santiam Industrial Center, a 600,000-square-foot industrial asset in Stayton, Ore., 60 miles from Portland.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/irg-buys-600-ksf-oregon-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRG Buys 600 KSF Oregon Facility\" \/>\n<meta property=\"og:description\" content=\"Industrial Realty Group acquired Santiam Industrial Center, a 600,000-square-foot industrial asset in Stayton, Ore., 60 miles from Portland.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irg-buys-600-ksf-oregon-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T15:59:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/simone-hutsch-fEwUlxVTnfw-unsplash-e1675859255631.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"786\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/\"},\"author\":{\"name\":\"Madalina Pojoga\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7ced0369df035c845a1e5d647c62dd7a\"},\"headline\":\"IRG Buys 600 KSF Oregon Facility\",\"datePublished\":\"2023-02-09T20:00:00+00:00\",\"dateModified\":\"2023-02-14T15:59:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/simone-hutsch-fEwUlxVTnfw-unsplash-e1675859255631.jpg\",\"keywords\":[\"Capacity Commercial Group\",\"Industrial Realty Group\"],\"articleSection\":[\"Industrial\",\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irg-buys-600-ksf-oregon-facility\\\/\",\"name\":\"IRG Buys 600 KSF Oregon Facility - 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