The News: Industrial Realty Group (IRG) announced that SLB has expanded its long-term lease at Shreveport Business Park, bringing the 3.5 million-square-foot former General Motors assembly plant to full occupancy. SLB now occupies more than 3.1 million square feet at the campus, where employment is expected to grow to approximately 1,200 workers, with projections reaching 1,400 by 2027. The redevelopment represents a major milestone in the transformation of one of Louisiana’s largest legacy industrial properties.
SITEBOXX Take: The successful redevelopment of the former GM facility demonstrates how large industrial sites can be repositioned to attract major employers and long-term investment. The project highlights the value of existing infrastructure, skilled labor, and adaptive reuse in supporting economic development and industrial growth.
Source: Read the full article at PR Newswire.
