IRG fully leases 3.5 million sq. ft. former GM plant in Shreveport as SLB expands to 3.1 million sq. ft.

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Summary · why it matters

Industrial Realty Group announced that its Shreveport Business Park, a 3.5-million-square-foot former General Motors plant, is now fully leased after tenant SLB expanded its footprint to 3.1 million square feet. SLB, a global energy technology company, has grown its presence at the campus since 2023 and now occupies the balance of the remaining space, joining Hyundai Glovis and USPS as the park's three tenants. SLB's latest expansion brings its total investment to over $48.5 million and its on-site workforce to 820 employees, with an estimated 1,200 following completion and a projected 1,400 total park employees by 2027, surpassing the roughly 800 workers at the time of GM's 2012 closure. The milestone marks the culmination of a transformation from a largely vacant facility into a major advanced manufacturing hub generating significant economic benefits for Northwest Louisiana.

Impact on assets 4

Energy▲ · 1 stocks
SLB N.V.
0SCL
▲ PositiveDemandrelevance

SLB expanded its footprint to 3.1 million sq ft, increasing investment and workforce.

Industrials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

Industrial Realty GroupPrivate▲ Positive
Demandrelevance

IRG fully leased its Shreveport Business Park, achieving full occupancy.

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