{"id":1004672391,"date":"2023-07-17T11:17:23","date_gmt":"2023-07-17T19:17:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004672391"},"modified":"2023-08-29T01:49:28","modified_gmt":"2023-08-29T09:49:28","slug":"phoenix-investors-picks-up-iowa-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-picks-up-iowa-facility\/","title":{"rendered":"Phoenix Investors Picks Up Iowa Facility"},"content":{"rendered":"
\"\"<\/a>

510 E. Agency Road. Image courtesy of Phoenix Investors<\/em><\/p><\/div>\n

Phoenix Investors<\/strong> has purchased a 365,640-square-foot industrial property in West Burlington, Iowa, for $5.8 million, according to Des Moines County public records.<\/p>\n

The new ownership is marketing the property for lease. In partnership with the City of West Burlington, Phoenix Investors will transform the facility into a high-quality industrial product, West Burlington City Administrator Gregg Mandsager said in prepared remarks.<\/p>\n

\n

READ ALSO<\/strong>: Frank Crivello: What is Industrial Real Estate?<\/a><\/p>\n

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Located at 510 E. Agency Road, the two-story building features a clear height between 24 and 33 feet, a 22,500-square-foot office component, two external dock doors, one drive-in door, reinforced concrete floors, ample column spacing and 675 vehicle parking spots. Additionally, the property offers divisible floorplates of up to 50,000 square feet and has a production area of nearly 263,000 square feet.<\/p>\n

Situated on an approximately 39-acre lot and built in 1955, the warehouse is close to highways 34 and 61, allowing easy access to Cedar Rapids, Iowa, Des Moines, Iowa, St. Louis, Peoria, Ill., and Chicago. With immediate access to The Burlington Junction Railroad, the industrial property is 1.5 miles north from the BNSF Mainline, making it a sought-after location for logistics users.<\/p>\n

Latest investments<\/h2>\n

Phoenix Investors\u2019 leasing brokers in charge of the asset are Senior Vice President of Acquisition & Leasing Kurt Jensen and Director of Acquisition & Leasing Patrick Dedering. The property provides a good leasing opportunity, with immediate occupancy, for transportation and other businesses looking for good-quality industrial product, Dedering commented in prepared remarks.<\/p>\n

Phoenix Investors had a busy 2022, with multiple investments. In July, the company signed a purchase agreement for Fujifilm’s South Carolina manufacturing<\/a> campus, a 500-acre property totaling 2.5 million square feet of space across five facilities. In December 2022, the company picked up a 3 million-square-foot industrial campus<\/a> in Gadsen, Ala. Built in 1929, the facility is the former home of a Goodyear Tire & Rubber Co. manufacturing plant.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new ownership is marketing the property for lease.<\/p>\n","protected":false},"author":2991,"featured_media":1004672515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,13,21742],"tags":[37411],"class_list":["post-1004672391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midwest","category-latest","tag-phoenix-investors"],"acf":[],"yoast_head":"\nPhoenix Investors Picks Up Iowa Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Phoenix Investors has purchased a 365,640-square-foot industrial facility in West Burlington, Iowa, for $5,8 million.\" \/>\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-picks-up-iowa-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Investors Picks Up Iowa Facility\" \/>\n<meta property=\"og:description\" content=\"Phoenix Investors has purchased a 365,640-square-foot industrial facility in West Burlington, Iowa, for $5,8 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-picks-up-iowa-facility\/\" \/>\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=\"2023-07-17T19:17:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T09:49:28+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/IMG_7699-e1689667723870.jpg\" \/>\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-picks-up-iowa-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-picks-up-iowa-facility\/\",\"name\":\"Phoenix Investors Picks Up Iowa Facility - 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