Phoenix Investors Expands Portfolio with Strategic Acquisition
An affiliate of Phoenix Investors, a frontrunner in revitalizing former manufacturing facilities, has proudly announced a significant acquisition. This new addition is a large industrial complex that was formerly owned by MVP Group International. Nestled in a strategic location, this property enhances Phoenix's extensive portfolio, which now boasts over 78 million square feet of industrial space across the nation.
Details of the Industrial Complex
The newly acquired property includes an impressive total of 411,489 square feet situated on 34 acres of prime land. It features approximately 398,000 square feet dedicated to warehouse space, complemented by 13,500 square feet earmarked for office use and a breakroom measuring 2,200 square feet. Originally constructed in 1985, the building underwent renovations in 1995, maintaining its functionality with 18 dock doors and substantial clear height, making it highly suitable for industrial operations.
Location Advantages
This facility is strategically positioned directly on US Highway 51, creating a convenient logistically significant midpoint connecting multiple major cities. It serves as an ideal hub between Nashville, Memphis, and St. Louis, which enhances its attractiveness to prospective industrial tenants. The property embraces a zoning designation for Planned Industrial and Intermediate Business, allowing for a variety of potential uses.
Future Plans and Community Commitment
Phoenix Investors has outlined an ambitious capital improvement plan aimed at attracting high-quality industrial users to the area. Frank Crivello, the Founder and Chairman of Phoenix Investors, expressed enthusiasm regarding the project, highlighting a commitment to partnering with local communities. His vision for the site involves revitalizing the property and fostering economic growth for Union City and the surrounding regions.
Community Impact
The revitalization initiative by Phoenix Investors is anticipated to breathe new life into the Union City area. By repurposing existing facilities and optimizing them for modern industrial needs, the company intends to stimulate job creation and local economic activity. This approach not only renews physical spaces but also reestablishes opportunities for local residents and businesses.
About Phoenix Investors
Phoenix Investors stands out as a leader in the acquisition, renovation, and leasing of former manufacturing properties across the United States. Through its efforts, the company plays a significant role in transforming local communities, facilitating economic recovery, and enhancing the overall property landscape. With a widespread portfolio of approximately 78 million square feet spanning 29 states, Phoenix supports corporations in meeting their evolving leasing requirements through innovative, cost-effective solutions.
For any leasing inquiries, interested parties are encouraged to contact Luke Herder, the Assistant VP of Acquisition & Leasing at Phoenix Investors, at (262) 470-6124.
Frequently Asked Questions
What type of properties does Phoenix Investors focus on?
Phoenix Investors specializes in the acquisition and revitalization of former manufacturing facilities throughout the United States.
What are the main features of the newly acquired industrial complex?
The complex features over 411,000 square feet, a large warehouse area, office spaces, and a well-developed racking system, ideal for industrial use.
How will the acquisition benefit Union City?
This acquisition is expected to revitalize the local economy, create job opportunities, and stimulate growth in the regional industrial sector.
Who can be contacted for leasing inquiries?
Luke Herder, the Assistant VP of Acquisition & Leasing, can be reached for all leasing inquiries at (262) 470-6124.
What other initiatives does Phoenix Investors undertake?
The company actively engages in community partnerships to enhance economic opportunities and support local development through its revitalization projects.
