{"id":1004635184,"date":"2022-12-14T04:30:09","date_gmt":"2022-12-14T12:30:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004635184"},"modified":"2022-12-14T06:33:55","modified_gmt":"2022-12-14T14:33:55","slug":"phoenix-investors-buys-former-3-msf-goodyear-factory","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/","title":{"rendered":"Phoenix Investors Buys 3 MSF Former Goodyear Factory"},"content":{"rendered":"
\"\"<\/a>

Image by WikiImages via pixabay<\/p><\/div>\n

Phoenix Investors <\/strong>has purchased an industrial campus totaling some 3 million square feet in Gadsden, Ala., with International Bank of Commerce <\/strong>providing acquisition financing. The sales price was not disclosed. CBRE<\/strong>\u2019s Adam Wolinetz, director of transaction management, brokered the deal.<\/p>\n

According to The Gadsden Times<\/em><\/a>, the site is home to the former Goodyear Tire & Rubber Co. plant, which closed in May. Constructed in 1929 and renovated in 2015, the facility was, at one time, the largest tire manufacturing plant in the world.<\/p>\n

\n

READ ALSO<\/strong>: Phoenix Investors\u2019 Frank Crivello on the Inflation Reduction Act<\/a><\/p>\n

\n

Situated on 156 acres at 1000 Goodyear Ave., the asset features clear heights up to 30 feet, 30 dock doors, car and trailer parking and rail access. The new owner intends to implement a series of cosmetic and capital improvements at the property, repurposing it for up to 40 tenants. Those companies could collectively create 1,200 jobs, the same amount Goodyear had at closing, Gadsden<\/span> Mayor Craig Ford said in prepared remarks<\/span>.<\/p>\n

The site has good connectivity to interstates 759 and 59, allowing for the tenants to easily reach Atlanta, Birmingham, Ala., Huntsville, Ala., and Chattanooga, Tenn.<\/p>\n

Continued growth<\/h2>\n

Phoenix Investors had a busy year, buying and redeveloping throughout the nation. In July, the company acquired more than 1 million square feet of manufacturing plants<\/a> in metropolitan Milwaukee and the Greater Raleigh, N.C., area and signed the purchase agreement for Fujifilm’s South Carolina manufacturing campus<\/a>.<\/p>\n

A leader in the acquisition, renovation, and releasing of former manufacturing facilities, Phoenix Investors currently holds equity interests in some 61 million square feet of industrial assets across 29 states. The majority of its properties are located in the Milwaukee metro, and several in the Northeast and Southeast U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"

Built in 1929, the facility was once the world\u2019s largest tire manufacturing plant.<\/p>\n","protected":false},"author":3006,"featured_media":1004635193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[32789,51744,37411],"class_list":["post-1004635184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-cbre","tag-international-bank-of-commerce","tag-phoenix-investors"],"acf":[],"yoast_head":"\nPhoenix Investors Buys 3 MSF Former Goodyear Factory - CPE<\/title>\n<meta name=\"description\" content=\"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.\" \/>\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-buys-former-3-msf-goodyear-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Investors Buys 3 MSF Former Goodyear Factory\" \/>\n<meta property=\"og:description\" content=\"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/\" \/>\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=\"2022-12-14T12:30:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-14T14:33:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.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=\"Jordana Rothberg\" \/>\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-buys-former-3-msf-goodyear-factory\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/\",\"name\":\"Phoenix Investors Buys 3 MSF Former Goodyear Factory - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg\",\"datePublished\":\"2022-12-14T12:30:09+00:00\",\"dateModified\":\"2022-12-14T14:33:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg\",\"width\":800,\"height\":620,\"caption\":\"Production plant. Image courtesy of WikiImages via pixabay\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phoenix Investors Buys 3 MSF Former Goodyear Factory\"}]},{\"@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\/366883c93fc1efde412301ab6a4570f9\",\"name\":\"Jordana Rothberg\",\"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\/2022\/09\/Professional-Pic.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"caption\":\"Jordana Rothberg\"},\"description\":\"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phoenix Investors Buys 3 MSF Former Goodyear Factory - CPE","description":"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.","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-buys-former-3-msf-goodyear-factory\/","og_locale":"en_US","og_type":"article","og_title":"Phoenix Investors Buys 3 MSF Former Goodyear Factory","og_description":"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.","og_url":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-12-14T12:30:09+00:00","article_modified_time":"2022-12-14T14:33:55+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg","type":"image\/jpeg"}],"author":"Jordana Rothberg","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-buys-former-3-msf-goodyear-factory\/","url":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/","name":"Phoenix Investors Buys 3 MSF Former Goodyear Factory - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg","datePublished":"2022-12-14T12:30:09+00:00","dateModified":"2022-12-14T14:33:55+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9"},"description":"Phoenix Investors has purchased the former Goodyear Tire & Rubber Co. plant in Gadsden, Ala. CBRE\u2019s Adam Wolinetz brokered the deal.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg","width":800,"height":620,"caption":"Production plant. Image courtesy of WikiImages via pixabay"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-former-3-msf-goodyear-factory\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Phoenix Investors Buys 3 MSF Former Goodyear Factory"}]},{"@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\/366883c93fc1efde412301ab6a4570f9","name":"Jordana Rothberg","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\/2022\/09\/Professional-Pic.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","caption":"Jordana Rothberg"},"description":"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.","sameAs":["https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/power-plant-67538_1280.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004635184","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\/3006"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004635184"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004635184\/revisions"}],"predecessor-version":[{"id":1004635395,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004635184\/revisions\/1004635395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004635193"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004635184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004635184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004635184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}