I
ndustrial Realty Group, LLC (IRG) has expanded its presence in Mexico through its subsidiary, Industrial Realty Mexico (IRM). IRM has acquired a 121,608 square foot property in Hermosillo, marking the company's eleventh purchase south of the U.S. border.

    The former Lowe's retail store will be repositioned to meet market demand, potentially remaining as retail space or being converted into industrial use. Big-box retail spaces often have the necessary height clearance, square footage, and parking for industrial users.

    This acquisition adds significant developable land to IRM's portfolio, which could support retail, commercial, or industrial opportunities on a highly trafficked main thoroughfare. The site will be revitalized, creating jobs and business activity in the local economy.

    Through its division in Mexico, IRG now owns ten properties totaling over 2 million square feet, including developable acreage that will revitalize local economies and create synergistic business opportunities.

    IRG is committed to developing underutilized space and restoring business activity. The company has a proven track record of adaptive reuse, solving complex real estate challenges in the United States. IRM's acquisition marks another step in IRG's expansion into new markets.

    For more information on this project or other leasing and acquisition opportunities, visit www.industrialrealtymexico.com or contact Justin Lichter at [email protected].