Phoenix Investors Buys 1.8 Million SF of Industrial Assets in Illinois

David Marks, president and CEO of Phoenix Investors

MILWAUKEE—Locally-based Phoenix Investors has increased its overall portfolio to 27 million square feet in 25 states with the purchase of three industrial properties in Galesburg and Decatur, IL totaling 1.8 million square feet.

Phoenix Investors reports that its new Galesburg assets were originally constructed by Maytag between 1974 and 1996 and then acquired by Whirlpool Corp. Phoenix’s portfolio holdings now include eight former Whirlpool facilities. The 1000 South Linwood facility consists of approximately 855,000 square feet and is substantially leased to national and regional companies serving the e-commerce, retailing, packaging, and distribution sectors. The 1000 South Linwood property features 25-foot to 36-foot clear ceiling heights, 50′ x 50′ column spacing, 33 docks and 14 overhead doors.