SHREVEPORT, La. – (Realty News Report) – The former General Motors plant in Northwest Louisiana is fully occupied three years after welcoming Houston-based SLB as its main tenant.
SLB, the global energy technology formerly known as Schlumberger, has expanded to 3.1 million square feet at Industrial Realty Group’s Shreveport Business Park. SLB established a presence at the Caddo Parish property in 2023. It doubled its size to 2.1 million SF of climate-controlled advanced manufacturing space in 2025 to support increased production of digital infrastructure and data center equipment.
“SLB’s continued expansion in Shreveport is a tremendous success story for all involved and a powerful example of what can happen when world-class companies find the right facility, workforce, and business environment,” Stuart Lichter, President of Industrial Realty Group (IRG), said in an announcement. “This growth has transformed a once-underutilized property into a major economic driver for Northwest Louisiana.”
The transaction takes the 3.5 million-SF industrial campus to full occupancy. The other tenants are Hyundai Glovis and USPS.
SLB currently employs 820 people at the plant and expects to grow the count to 1,200 employees following the latest expansion.
In total, an estimated 1,400 employees will work at Shreveport Business Park by 2027. That far surpasses the 800 employees that worked there when GM shut down in 2012, according to IRG.
“IRG and SLB are bringing tremendous new investment and economic opportunities for the community,” said Elliott P. Laws, Administrative Trustee of RACER Trust, which assumed ownership following the GM closure. “RACER Trust congratulates and thanks IRG for its performance and welcomes the news that Shreveport Business Park is fully occupied and creating such positive outcomes for Shreveport and Caddo Parish.”
After the GM plant closure, RACER and its predecessor, Motors Liquidation Co., worked with Louisiana Economic Development and Northern Louisiana Economic Partnership to market the property to prospects worldwide. The property was sold to the Caddo Parish Industrial Development Board, subject to a lease of the entire plant to IRG, which subsequently purchased the plant. SLB worked with Lee & Associates-Houston on the initial lease.
“Few industrial redevelopment projects demonstrate the impact of adaptive reuse more clearly than this campus,” Lichter said. “To see this massive property evolve from a largely vacant facility into a fully occupied industrial campus anchored by significant tenant investment, is exactly the kind of outcome we envisioned. This project is creating jobs and strengthening the regional economy, and we are incredibly proud to be part of it.”
July 1, 2026, Realty News Report Copyright 2026
Feature image: Shreveport Business Park is fully leased to SLB, Hyundai Glovis, and USPS. Industrial Realty Group courtesy photo.
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File: SLB Expands Lease at Former GM Plant, SLB Expands Lease at Former GM Plant