Phoenix Investors Expands Industrial Footprint
An affiliate of Phoenix Investors, a prominent name in the revitalization of industrial spaces, has made a significant move by acquiring a large industrial complex previously owned by MVP Group International. This acquisition adds approximately 411,000 square feet to the Phoenix portfolio, which now boasts over 78 million square feet across the nation. This strategic purchase underscores Phoenix's commitment to transforming former manufacturing facilities into productive spaces.
Details of the Acquisition
The newly acquired property spans 34 acres and offers a comprehensive setup with nearly 398,000 square feet dedicated to warehouse space and additional office accommodations. Built in 1985 and renovated in 1995, this facility is equipped with 18 dock doors, extensive racking systems, and high ceilings that reach up to 28 feet, meeting the needs of modern industrial operations. Positioned conveniently along US Highway 51, it serves as a pivotal location between major cities, enhancing logistical efficiencies.
Plans for Revitalization
As part of its strategy, Phoenix Investors intends to implement a substantial capital improvement plan aimed at attracting high-quality industrial users to the area. Frank Crivello, the Founder and Chairman of Phoenix Investors, expressed excitement about collaborating with local authorities to breathe new life into the facility. His vision emphasizes not only the revitalization of the property but also a commitment to fostering economic growth in the region.
Community Engagement and Growth
Phoenix Investors is dedicated to partnering with local communities, including Union City and Obion County, to maximize the potential of this acquisition. The initiative is expected to create job opportunities and stimulate economic activity within the area, reaffirming Phoenix's role as a catalyst for industrial development.
About Phoenix Investors
Phoenix Investors is renowned for its expertise in acquiring and rejuvenating former manufacturing facilities across the United States. By breathing new life into these spaces, the company actively contributes to transforming communities and reigniting economic potential. With a broad footprint across 29 states, Phoenix's portfolio stands as evidence of its ability to deliver innovative leasing solutions tailored to meet diverse corporate needs.
Contact Information
For inquiries related to leasing opportunities, individuals are encouraged to contact Luke Herder, Assistant Vice President of Acquisition and Leasing, at (262) 470-6124.
Frequently Asked Questions
What recent acquisition did Phoenix Investors make?
Phoenix Investors acquired a large industrial complex previously owned by MVP Group International, enhancing its extensive portfolio.
What features does the acquired property have?
The property includes over 411,000 square feet of space, with significant warehouse and office areas, extensive transport facilities, and convenient highway access.
How will Phoenix Investors improve the acquired facility?
They plan to implement a capital improvement strategy focusing on attracting high-quality industrial users and enhancing the property's functionality.
What community impact is expected from this acquisition?
Local engagement aims to create job opportunities and stimulate economic growth in Union City and surrounding areas.
Who can I contact for leasing inquiries at Phoenix Investors?
Interested parties should reach out to Luke Herder, Assistant VP of Acquisition and Leasing, at (262) 470-6124 for more information.
