{"id":1004649063,"date":"2023-03-02T05:06:42","date_gmt":"2023-03-02T13:06:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004649063"},"modified":"2023-03-02T06:42:22","modified_gmt":"2023-03-02T14:42:22","slug":"irg-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irg-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola\/","title":{"rendered":"Industrial Realty Launches 50-Acre Project at NASA Campus"},"content":{"rendered":"
\"Propel<\/a>

Propel Park. Image courtesy of Industrial Realty Group<\/em><\/p><\/div>\n

Industrial Realty Group<\/strong> has broken ground on Propel Park, a 50-acre industrial-and-office project within NASA\u2019s Michoud Assembly Facility campus in New Orleans.<\/p>\n

Reportedly the first of its kind within NOLA’s city limits in more than 20 years, the campus is anticipated to include up to 1.3 million square feet to be developed in phases, targeting users of light assembly, manufacturing, distribution and office space. IRG\u2019s design-build partner and the project\u2019s general contractor is Impetus<\/strong>.<\/p>\n

\n

READ ALSO:<\/strong> Industrial Sector to Maintain Winning Streak in 2023<\/a><\/p>\n

\n

In 2021, IRG signed a long-term ground lease for the development parcel located at 13800 Old Gentilly Road, near Interstate 510 and U.S. Highway 90. This being New Orleans, the site features a 19.5-foot levee and onsite pumps. The location also has access to a deep-water port.<\/p>\n

The development\u2019s first phase, a 260,000-square-foot warehouse, will be home to Textron Systems, which has signed a 10-year lease and will relocate from their existing space within a Michoud Assembly Facility (MAF) building into a new 97,025-square-foot distribution hub. Bill Boyer of CBRE<\/strong> and Leon Audibert of Property One<\/strong> are the project’s marketing and leasing agents.<\/p>\n

Factory for the Space Age<\/h2>\n

In a prepared statement, Michael Hecht, president & CEO of Greater New Orleans Inc.<\/strong>, described the MAF a world-class facility where the biggest rockets and the longest windmill blades in human history were designed and assembled.<\/p>\n

With a history going back to 1940, the MAF was developed under NASA in the 1960s, when it was used by Chrysler Corp. to build the first stages of the early Saturn rockets and later by Boeing to build the first stage of the Saturn V rocket.<\/p>\n

Since then, the 832-acre MAF has built, among other key items for the U.S. space program, the Space Shuttle\u2019s external fuel tank and components for the International Space Station.<\/p>\n","protected":false},"excerpt":{"rendered":"

Propel Park will include as much as 1.3 million square feet of manufacturing, distribution and office space.<\/p>\n","protected":false},"author":882,"featured_media":1004649117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1599,21742],"tags":[32789,38622,40410],"class_list":["post-1004649063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-new-orleans","category-latest","tag-cbre","tag-industrial-realty-group","tag-nasa"],"acf":[],"yoast_head":"\nIndustrial Realty Launches 50-Acre Project at NASA Campus - CPE<\/title>\n<meta name=\"description\" content=\"Industrial Realty Group has broken ground on Propel Park, a 50-acre industrial-and-office project within NASA\u2019s campus in New Orleans.\u00a0\" \/>\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-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Realty Launches 50-Acre Project at NASA Campus\" \/>\n<meta property=\"og:description\" content=\"Industrial Realty Group has broken ground on Propel Park, a 50-acre industrial-and-office project within NASA\u2019s campus in New Orleans.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irg-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola\/\" \/>\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=\"2023-03-02T13:06:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T14:42:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Propel_Park-e1677761173605.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"669\" \/>\n\t<meta property=\"og:image:height\" content=\"501\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irg-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/irg-breaks-ground-on-50-acre-project-at-nasa-campus-in-nola\/\",\"name\":\"Industrial Realty Launches 50-Acre Project at NASA Campus - 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