SLB (NYSE: SLB) has expanded its lease at Industrial Realty Group's (IRG) Shreveport Business Park in Louisiana, bringing its total footprint to more than 3.1 million square feet and fully occupying the 3.5-million-square-foot former General Motors facility, according to a press release from IRG.

SLB first established operations at the campus in 2023, leasing over 1 million square feet for advanced manufacturing in a deal representing an $18.5 million investment. A late 2025 expansion committed an additional $30 million and grew SLB's presence to 2.1 million square feet. The latest expansion fills the remaining available space at the property.

SLB currently employs 820 workers at the site, with that figure expected to reach approximately 1,200 upon completion of the expansion. By 2027, an estimated 1,400 employees are projected to work at Shreveport Business Park, surpassing the roughly 800 employees who worked at the GM plant before its 2012 closure.

The campus also houses Hyundai Glovis and USPS. IRG purchased the property after RACER Trust, which assumed ownership following GM's closure, marketed it globally and vetted more than 50 prospects before completing a sale to the Caddo Parish Industrial Development Board, subject to a lease to IRG.

"SLB's continued expansion in Shreveport is a tremendous success story for all involved," said Stuart Lichter, President of IRG.

Elliott P. Laws, Administrative Trustee of RACER Trust, said the trust "congratulates and thanks IRG for its performance and welcomes the news that Shreveport Business Park is fully occupied."