{"id":1004407096,"date":"2020-04-02T03:19:35","date_gmt":"2020-04-02T11:19:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004407096"},"modified":"2020-04-02T03:19:35","modified_gmt":"2020-04-02T11:19:35","slug":"phoenix-investors-expands-in-pittsburgh","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/","title":{"rendered":"Phoenix Investors Expands in Pittsburgh"},"content":{"rendered":"
\"\"<\/a>

1200 Lebanon Road. Image courtesy of Phoenix Investors<\/em><\/p><\/div>\n

An affiliate of Phoenix Investors has acquired<\/a> a 625,000-square-foot industrial building and 53 acres of land in West Mifflin, Pa., that will be upgraded and marketed to new tenants seeking industrial space in the Pittsburgh market. The price and the seller were not released but the transaction did include approximately 14 acres of unused developable land.<\/p>\n

\n

READ ALSO<\/strong>: China\u2019s Lessons Offer Hope for US Logistics<\/a><\/p>\n

\n

Senior mortgage financing was provided by AmeriServe Financial. The transaction was brokered by John Jackson and Evan Cicirello of Grant Street Associates Inc., an affiliate of Cushman & Wakefield.<\/p>\n

Phoenix Investors, a national commercial real estate firm based in Milwaukee, Wis., specializes in revitalizing former manufacturing properties and large single-tenant industrial facilities that were owned by major corporate clients, REITs or financial institutions throughout the U.S. The property at 1200 Lebanon Road in West Mifflin was originally built for the Continental Can Co. and features a concrete\/block foundation. The building has average clear heights of 24 feet, 57 overhead loading doors, varying column spacing and ample restrooms throughout the facility.<\/p>\n

The building is currently 70 percent leased, with a diverse rent roll of more than 20 tenants. The vacant space will be marketed to new users for lease. Anthony Crivello, Phoenix executive vice president, said in a prepared statement the firm plans to undertake numerous capital and cosmetic improvements to the property to make it more functional and attractive to users.<\/p>\n

Cicirello noted in prepared remarks the property is a sizable asset for the Pittsburgh industrial market and represents a value-add investment opportunity. The property is located in Allegheny County, about 8 miles southwest of Pittsburgh. It is approximately 6 miles to the Interstate-376 interchange, 2 miles to Route 51 and 3 miles from the future Mon Fayette Expressway Dravosburg interchange.<\/p>\n

Previous Phoenix deals<\/strong><\/h2>\n

Phoenix Investors\u2019 affiliate companies hold interests in approximately 29 million square feet of industrial, retail, office and single-tenant net-leased properties across 23 states. In January, Phoenix acquired an approximately 1.4 million-square-foot distribution center in Memphis, Tenn., from Sears for 7.5 million. The two-story property was built in 1973 and expanded in 1981. In December, the firm purchased an 880,000-square-foot former Amazon fulfillment center<\/a> on a 105-acre site in Coffeyville, Kan., for an undisclosed price. The industrial property has been largely vacant since Amazon left in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"

A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.<\/p>\n","protected":false},"author":1068,"featured_media":1004407114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1602],"tags":[48269,32799,39150,37411],"class_list":["post-1004407096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-pittsburgh","tag-anthony-crivello","tag-cushman-wakefield","tag-john-jackson","tag-phoenix-investors"],"acf":[],"yoast_head":"\nPhoenix Investors Expands in Pittsburgh - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Investors Expands in Pittsburgh\" \/>\n<meta property=\"og:description\" content=\"A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-02T11:19:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/\",\"name\":\"Phoenix Investors Expands in Pittsburgh - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg\",\"datePublished\":\"2020-04-02T11:19:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg\",\"width\":800,\"height\":620,\"caption\":\"1200 Lebanon Road. Image courtesy of Phoenix Investors\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phoenix Investors Expands in Pittsburgh\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phoenix Investors Expands in Pittsburgh - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/","og_locale":"en_US","og_type":"article","og_title":"Phoenix Investors Expands in Pittsburgh","og_description":"A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.","og_url":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-04-02T11:19:35+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/","url":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/","name":"Phoenix Investors Expands in Pittsburgh - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg","datePublished":"2020-04-02T11:19:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg","width":800,"height":620,"caption":"1200 Lebanon Road. Image courtesy of Phoenix Investors"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-in-pittsburgh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Phoenix Investors Expands in Pittsburgh"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/1200-West-Miffline_Phoenix-Investors.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004407096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004407096"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004407096\/revisions"}],"predecessor-version":[{"id":1004407120,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004407096\/revisions\/1004407120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004407114"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004407096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004407096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004407096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}