{"id":1004334719,"date":"2019-06-27T05:04:34","date_gmt":"2019-06-27T13:04:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004334719"},"modified":"2021-05-15T04:53:33","modified_gmt":"2021-05-15T12:53:33","slug":"phoenix-investors-acquires-illinois-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-acquires-illinois-industrial-portfolio\/","title":{"rendered":"Phoenix Investors Acquires Illinois Industrial Portfolio"},"content":{"rendered":"<div id=\"attachment_1004334746\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004334746\" data-attachment-id=\"1004334746\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-acquires-illinois-industrial-portfolio\/decatur\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png\" data-orig-size=\"879,681\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"625-701 S. Side Dr.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;625-701 S. Side Dr.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png?w=879\" loading=\"lazy\" class=\"wp-image-1004334746 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png\" alt=\"625-701 S. Side Dr.\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png 879w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/decatur.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004334746\" class=\"wp-caption-text\">625-701 S. Side Drive. <em>Image via Google Maps<\/em><\/p><\/div>\n<p>Phoenix Investors has acquired three industrial properties consisting of nearly 1.8 million square feet in the state of Illinois.&nbsp;The company\u2019s portfolio now consists of about 27 million square feet of logistics space across 25 states.<\/p>\n<p>Two of the properties are located in Galesburg, including the 855,000-square-foot 1000 S. Linwood Ave. facility. The asset is leased to national and regional companies serving the e-commerce, retailing, packaging, and distribution sectors.&nbsp;The property boasts 25-foot to 36-foot clear ceiling heights, 50-foot by 50-foot column spacing, 33 docks and 14 overhead doors.<\/p>\n<p>The other Galesburg facility is a 462,000-square-foot warehouse located at 1801 Monmouth Blvd. The property boasts 25-foot to 33-foot clear ceiling heights, varying column spacing, 16 docks, five overhead doors and BNSF rail service.<\/p>\n<p>Both properties were completed between 1974-1996 by Maytag and eventually acquired by the Whirlpool Corp.&nbsp;The two properties also offer convenient access to Interstate 74 East from County Highway 10, as well as Interstate 74 West from the Chicago-Kansas City Expressway.<\/p>\n<h2>One in Decatur<\/h2>\n<p>The third property is a 475,000-square-foot warehouse located at 625-701 S. Side Drive in Decatur. Situated on 56 acres, the facility is anchored by global manufacturing and logistics tenants and boasts 20 loading docks, 16 overhead doors, 16-foot to 30-foot clear ceiling heights and Canadian National Railroad rail access.&nbsp;The Decatur property is conveniently located in the proximity of Interstate 72, via Highway 51, located just 3 miles southwest.<\/p>\n<p>Last year, the National Real Estate Investor&nbsp;ranked Phoenix Investors as the 28th largest national industrial real estate portfolio.&nbsp;In March, Phoenix Investors began <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-to-bring-self-storage-near-milwaukee\/\">converting a 200,000-square-foot industrial facility<\/a> into a storage asset in Mount Pleasant, Wis., with plans to add approximately 2,000 self-storage units to the property.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company expanded its footprint with the acquisition of 1.8 million square feet in three properties located in the cities of Galesburg and Decatur.<\/p>\n","protected":false},"author":451,"featured_media":1004334746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,13,21742],"tags":[42887,37411,39264],"class_list":["post-1004334719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-midwest","category-latest","tag-national-real-estate-investor","tag-phoenix-investors","tag-whirlpool-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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