A large industrial property in California’s Central Valley has been fully leased, placing one of the region’s larger manufacturing facilities into single-tenant occupancy.
Industrial Realty Group (IRG) has executed a lease covering the entire building at 2201 Cooper Avenue in Merced, with the occupier identified only as a regional agricultural manufacturer. The company did not disclose the tenant’s identity, lease value or the products that will be manufactured at the site.
The facility comprises approximately 500,000 square feet on a 42.6-acre site. Independent commercial property reporting identifies the building at 507,028 square feet, highlighting the scale of the transaction. Regardless of the precise measurement, the lease places the entire property under the control of a single occupier rather than multiple tenants.
According to IRG, the property’s infrastructure includes rail service associated with both Union Pacific and BNSF, multiple interior and exterior rail spurs, an on-site electrical substation, trailer parking, employee parking and room for future expansion. The company did not disclose how the tenant intends to use the site’s rail or power infrastructure.
The transaction also highlights the role of specialised industrial facilities within California’s Central Valley. Merced sits in one of the state’s principal agricultural regions, where food production, processing and related manufacturing remain important parts of the local economy. Although the tenant’s specific business has not been identified, its agricultural focus aligns with the region’s established industrial base.
IRG described the lease as a significant absorption of manufacturing and distribution space in the Central Valley, citing the property’s scale, transportation access and utility infrastructure as key advantages. Those assessments are the company’s own characterisation of the transaction and were not supported by vacancy or leasing data in the announcement.
The company, which specialises in acquiring, repositioning and managing industrial real estate, said the lease aligns with its strategy of investing in manufacturing assets. According to IRG, its affiliated entities manage more than 150 properties across 31 states, representing over 100 million square feet of rentable space.
Several details remain undisclosed. IRG did not identify the lease commencement date, lease term, rental rate or capital investment associated with the transaction. The company also did not indicate whether manufacturing has begun at the site, whether renovations are planned or how many jobs the tenant expects to create.
Although the tenant’s operational plans remain confidential, the lease places a large, infrastructure-rich manufacturing facility into productive use under a single occupier. The combination of rail connectivity, substantial utility infrastructure and expansion potential illustrates the characteristics that continue to distinguish established industrial assets.