Phoenix Investors Expands with 517,000 square-foot Distribution Center in Rockford, Illinois
02/05/2019
According to company officials Phoenix Investors is a national commercial real estate firm based in Milwaukee, Wisconsin whose core business is the revitalization of former distribution and manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve.
The Rockford, Illinois site is conveniently located between two full four-way interchanges with Interstate 90, the property features approximately 25,000 square feet of office space, clear ceiling heights up to 26 feet, 1 drive-in door, and 127 dock doors. The property is easily divisible for multi-tenant occupancy.
Phoenix said it intends on renovating the property in the coming months, making the space more attractive to new users.
"We are deeply embedded in the Rockford industrial market. This acquisition further cements our commitment to the area," said Kurt Jensen, Phoenix's Senior Vice President of Acquisitions and Leasing. "The property is well positioned to provide a cost efficient and flexible solution for future users."
With the subject acquisition, Phoenix's affiliates now own approximately 3,200,000 square feet in Illinois. Senior mortgage financing was provided by River Valley Bank.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024