Phoenix Investors Expands Footprint with Major Facility Acquisition
Expanding Industrial Footprint
In an exciting development, Phoenix Investors has acquired a significant industrial facility. This property, located at 2121 Huron Street, spans approximately 628,000 square feet. Phoenix Investors, renowned for its expertise in revitalizing former manufacturing sites, plans to repurpose this location to accommodate manufacturing, logistics, and e-commerce operations. This acquisition marks a strategic addition to the company's national portfolio, reinforcing its commitment to transforming legacy industrial spaces into modern, efficient facilities.
Facility Details and Features
The site was previously occupied by Anchor Glass Container Corporation. It boasts 26 loading docks, dual heavy-duty transformers (7500/10000 KVA), and impressive clear heights of up to 32 feet. Such features make the building easily adaptable for various industrial applications. Furthermore, its zoning for heavy industrial use and dual rail spur access via Norfolk Southern enhances its utility for large-scale operations.
Accessibility and Location Benefits
Its strategic location offers proximity to major transportation routes, including I-95 and I-10, along with access to the Jacksonville International Airport. This positioning is expected to provide operational efficiency for companies looking to enhance their distribution capabilities across regional and national networks.
Enhancements and Modernization Plans
Phoenix Investors plans to undertake significant capital improvements at the facility. These upgrades are targeted towards modernizing the infrastructure to meet the needs of today's industrial tenants. Planned enhancements include selective demolition, fire suppression upgrades, a new roof, and site work improvements. Additionally, interior and exterior painting, along with the installation of new dock equipment, will help elevate the property’s functionality and aesthetic appeal.
Leadership Vision for the Future
Anthony Crivello, Executive Vice President & Managing Director at Phoenix Investors, expressed his enthusiasm regarding the acquisition. He stated, "This facility marks the ninth former glass plant we’ve acquired, and we have consistently demonstrated our capability to redevelop these sites into modern industrial assets. We believe it supports our mission to repurpose legacy facilities while creating significant value for our tenants. There’s substantial potential here to support growth in the surrounding region." This vision aligns perfectly with the strategic goals of Phoenix Investors to leverage existing infrastructure for sustainable development.
Commitment to Community and Industrial Growth
This acquisition highlights Phoenix Investors’ broader strategy of focusing on legacy industrial assets that can be revitalized to meet contemporary market demands. As the need for strategically located, high-capacity facilities increases, Phoenix is committed to providing flexible and high-performance spaces that cater to evolving tenant needs. Their substantial national portfolio includes approximately 83 million square feet of industrial properties spanning 27 states, which showcases their leadership in this sector.
About Phoenix Investors
Phoenix Investors stands at the forefront of the industrial real estate market in the U.S., specializing in the acquisition, renovation, and leasing of former manufacturing facilities. Their efforts not only revitalize these spaces but also significantly contribute to local economies by restarting economic engines in the communities they serve. Their approach prioritizes sustainable development and community enhancement.
Frequently Asked Questions
What is the location of the facility acquired by Phoenix Investors?
The facility is located at 2121 Huron Street.
What is the main purpose of this acquisition?
The acquisition aims to transform the site into a hub for manufacturing, logistics, and e-commerce operations.
What enhancements are planned for the facility?
Improvements include selective demolition, a new roof, fire suppression upgrades, and modern dock equipment.
How is Phoenix Investors positioned in the industrial real estate market?
Phoenix Investors is a leading expert in revitalizing former manufacturing facilities across the U.S.
What benefits does the facility's location provide?
Its proximity to major highways and the airport enhances operational efficiency for businesses.
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