IRG, PREP Funds Acquire 339,449 Sq Ft Anchor Manufacturing Portfolio
Cleveland – September 07, 2026 -- Industrial Realty Group (IRG), PREP Funds and CG Real Estate Capital have closed a sale-leaseback transaction with Anchor Manufacturing, acquiring a three-property industrial portfolio totaling 339,449 square feet on 18.44 acres in Cleveland, Ohio.
Anchor Manufacturing signs long-term master lease to remain at all three sites
Under the deal, Anchor Manufacturing has entered a long-term master lease and will continue operating its headquarters and manufacturing facilities across each property, preserving its full operational footprint in Cleveland while monetizing the underlying real estate.