IPG

What IPG does

Industrial Property Group (IPG) is a privately held, founder-owned commercial real estate brokerage founded in 2005 by Michael Jeppesen in Layton, Utah, specializing exclusively in industrial properties across the United States. The firm delivers owner representation, tenant representation, build-to-suit development, institutional portfolio sales, leasing services, asset management, and development consultation, supported by a development sub-brand called Imagine Development. IPG's core offering is relationship-based brokerage, with approximately 90% of business coming from repeat customers and transactions spanning manufacturing, printing, packaging, construction, and other industrial verticals for enterprise clients such as International Paper, Mygrant Glass, Ottobock, Stadler US, Hudson Printing, and Container & Packaging.

IPG's go-to-market is sales-led and network-driven rather than platform-driven. The firm leverages senior-broker credentials, including SIOR and CCIM designations, to access national and international deal flow without operating a large physical branch network. Proprietary market data analysis, described as compiled from multiple sources and ongoing research, is positioned as a differentiated analytic resource supporting industrial real estate decisions. Marketing relies on the company website, client testimonial videos, and active association involvement rather than digital acquisition channels.

IPG generates revenue through commissions on the sale, purchase, development, and lease of commercial industrial properties, a transaction-fee model typical of commercial real estate brokerages. No pricing is publicly disclosed. The company operates as an independent, founder-controlled firm with 11-50 employees, no disclosed parent company, no external funding, and no M&A activity in the source material, reflecting a classic boutique-brokerage structure anchored by long-tenured client relationships rather than capital scaling.

Name

IPG

Legal name

Industrial Property Group

Website

https://ipgcre.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Industrial Property Group (IPG) is a privately held, founder-owned commercial real estate brokerage founded in 2005 in Layton, Utah, specializing exclusively in industrial property sales, leasing, and development for enterprise and institutional clients across the United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB)

akta.pro secondary industries

Industrial & Logistics Tenant Representation (BPAJALAC), Industrial & Logistics Real Estate Asset Management (BPAJAMAC), Warehousing & Logistics Facilities Brokerage (BPAJACAA)

Keywords

• Industrial real estate brokerage
• Commercial property leasing
• Tenant representation services
• Owner representation services
• Industrial property sales

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Brokerage: Revenue generated from commissions on the sale, purchase, development, and lease of commercial industrial properties across the US and internationally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Industrial Property Group is a commercial real estate brokerage that specializes in the sale, purchase, development, and lease of industrial properties across the US and internationally. Services include owner representation, tenant representation, build-to-suit development, institutional portfolio sales, leasing services, asset management, and development consultation. The firm operates a sub-brand called Imagine Development that offers industrial property development services alongside the brokerage.

Product overview

Industrial Property Group (IPG) is a commercial real estate brokerage and services firm specializing in industrial properties. The company operates as a single unified service offering rather than a platform-plus-modules architecture. Their portfolio includes owner representation, tenant representation, build-to-suit development, institutional portfolio sales, leasing services, asset management, and development consultation. The primary brand is IPG (Industrial Property Group) with a subsidiary/affiliated brand called Imagine Development (their development arm accessible via id-associates.com). Services are delivered by a team of award-winning brokers leveraging SIOR and CCIM designations and proprietary market analysis resources.

Differentiator

Problem solved

Functional benefit

Brands

• Imagine Development: The development arm of Industrial Property Group, offering development services alongside their brokerage and consulting services.

Products and services

• Owner Representation Representation services for property owners seeking to sell or lease their industrial real estate assets.
• Tenant Representation Representation services for businesses seeking industrial space, including lease negotiations and site selection.
• Build to Suit Custom industrial property development services tailored to specific tenant requirements.
• Institutional Portfolio Sales Sale services for large-scale institutional industrial real estate portfolios.
• Leasing Services Comprehensive leasing services for industrial properties, connecting landlords with qualified tenants.
• Asset Management Management services for industrial real estate assets to maximize value and performance.
• Development Consultation Expert consultation services for industrial property development projects.
• Imagine Development The development arm of Industrial Property Group, offering industrial property development services to complement their brokerage services.

Named customers17 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Society of Industrial and Office Realtors (SIOR)coreStrategic or Co-development PartnerIPG taps the power of SIOR to enhance their national and international capabilities. SIOR represents the most knowledgeable commercial real estate professionals globally with rigorous requirements for designation.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Newmark Group: Commercial real estate advisory and services firm with significant industrial and logistics capabilities. Comparable as a mid-to-large incumbent competing for similar tenant rep, owner rep, and capital markets industrial mandates.
• CBRE Group: Global full-service commercial real estate services firm offering brokerage, valuation, property management, and capital markets across industrial and other asset classes. IPG's founder began his career at CBRE, and CBRE is the dominant incumbent against which IPG competes for industrial mandates.
• JLL (Jones Lang LaSalle): Global real estate services firm providing brokerage, capital markets, and property management with a significant industrial/logistics practice. JLL competes with IPG for enterprise industrial tenant and owner representation assignments at scale.
• Marcus & Millichap: National commercial real estate investment sales brokerage with institutional investor clients. Comparable as a competitor for institutional industrial portfolio sales, the same service line IPG highlights as a strength.
• Cushman & Wakefield: Global commercial real estate services firm with a dedicated industrial advisory practice covering leasing, capital markets, and supply chain real estate. Directly comparable as a large incumbent competing for institutional industrial portfolio mandates.
• Colliers International: Global professional services and investment management company offering brokerage and advisory services including a strong industrial real estate practice. Comparable as a multi-service incumbent competing in the same enterprise industrial brokerage market as IPG.

Direct peers

• NAI Global: Global commercial real estate brokerage network organized as a member-owned affiliation of independent firms. Directly comparable as IPG also leverages affiliation networks (SIOR/CCIM) to extend national reach for industrial brokerage.
• KBC Advisors: Boutique industrial-focused commercial real estate firm providing tenant and landlord representation, capital markets, and consulting. Comparable as a similarly sized, industrial-only specialist competing directly for IPG's enterprise manufacturing clients.
• Lee & Associates: Privately held, broker-owned commercial real estate firm with a strong industrial and logistics practice across North America. Closely comparable as a similarly sized, relationship-driven brokerage competing for industrial tenant and owner representation.
• NAI Latter & Blum / NAI Excel: Specialized industrial and commercial real estate brokerage operating within the NAI Global network, with deep tenant and owner representation focus. Closely comparable in size, structure, and industrial focus to IPG.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/michaeljeppesenprofile
• Xx.com/ipg_commercial

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IPG