Phoenix Investors Expands Industrial Footprint with New Complex
Phoenix Investors Expands Industrial Footprint with New Complex
Strategically located facility ideal for distribution and warehousing
An affiliate of Phoenix Investors, a prominent leader in commercial real estate, has successfully acquired a substantial industrial complex. This new addition is located at 2200 South Business 45 and spans approximately 1.5 million square feet across a 172-acre site, significantly increasing Phoenix's holdings to over 82 million square feet nationwide.
This facility was originally built as a distribution center for K-Mart and was later repurposed by Home Depot as a logistics hub due to its impressive construction quality and advantageous location. The property boasts direct access to I-45, creating a vital link between major markets and perfectly positioning it for logistics and distribution use.
Currently, the site is fully occupied and contains an impressive configuration of 109 dock doors and 983 trailer parking spaces. It comes equipped with heavy power capabilities and clear heights ranging from 26 to 28 feet, making it an efficient space for industrial operations. Notably, in 2018, the facility underwent significant renovations, including a new roof, while adding features like full perimeter fencing and secure access points, along with ample parking for trailers and cars.
Looking ahead, approximately 250,000 square feet are set to become available for lease in late 2025, with an additional 375,000 square feet becoming available by early 2027. This provides significant opportunities for expansion and allows businesses to thrive within various industrial segments.
Anthony Crivello, Executive Vice President & Managing Director at Phoenix, expressed his enthusiasm about the acquisition, stating, "This is a modern, high-quality industrial asset that aligns perfectly with our investment strategy. Its robust infrastructure, major transportation access, and readiness for tenants present a compelling value proposition, especially in comparison to current market rates in the Dallas area."
In addition to the latest acquisition, Phoenix Investors has been quite active throughout the year, securing several properties across various locations, including Memphis, Tennessee; Paris, Kentucky; and Roanoke, Virginia. So far, Phoenix's acquisitions in 2025 have totaled around 6 million square feet, underscoring the company's ambitious growth strategy.
For more insights about Phoenix Investors and to view its expanding portfolio, individuals can access the official website for further details.
About Phoenix Investors
Phoenix Investors specializes in the acquisition, renovation, and leasing of former manufacturing facilities across the United States. Its efforts in revitalizing these properties contribute to transforming communities and driving economic growth in the areas where they operate. The company’s strategic approach focuses on reconstruction and selective deconstruction, providing a sustainable alternative to standard demolition processes. Phoenix’s affiliated companies maintain equity interests across a diverse portfolio totaling approximately 82 million square feet across 27 states, facilitating effective and innovative leasing solutions for corporations nationwide.
Frequently Asked Questions
What is the purpose of the newly acquired complex?
The newly acquired complex is intended for distribution and warehousing, enhancing logistics capabilities.
How large is the industrial complex acquired by Phoenix Investors?
The complex spans approximately 1.5 million square feet across a 172-acre site.
What major renovations were undertaken at the facility?
The facility underwent significant renovations in 2018, including a new roof installation and enhanced security features.
When will spaces in the complex become available for lease?
Approximately 250,000 square feet will be available for lease in late 2025, with more available by early 2027.
What is Phoenix Investors' focus in the market?
Phoenix Investors focuses on acquiring and revitalizing former manufacturing facilities, contributing to community transformation and economic development.
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