Biz New Orleans: Industrial Realty Group Hires CBRE to Lease 1.3M Square Feet at Michoud

HOUSTON – Industrial Realty Group has hired CBRE to lease 1.3 million square feet of industrial and office space planned for the development of Propel Park at NASA’s Michoud Assembly Facility in New Orleans East. IRG, one of the country’s largest owners of commercial and industrial properties, has signed a long-term ground lease for a 50-acre development parcel within MAF, one of the largest production facilities in the nation. Negotiations for the lead tenant to occupy the first building are underway. Read more.