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 multifamily giant purchased from Mill Creek Residential Trust, which was represented by a Newmark Knight Frank multifamily team based in South Florida.

Andrew Chung, the CEO of Innovo Property Group, knows industrial assets, and as with so much of real estate, he emphasizes location, location, location.