{"id":1004723728,"date":"2024-08-02T00:00:22","date_gmt":"2024-08-02T08:00:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004723728"},"modified":"2024-08-02T05:45:34","modified_gmt":"2024-08-02T13:45:34","slug":"phoenix-investors-acquires-815-ksf-arkansas-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-acquires-815-ksf-arkansas-portfolio\/","title":{"rendered":"Phoenix Investors Acquires 815 KSF Arkansas Portfolio"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004702329\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-virginia-industrial-asset\/1-walker-rd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg\" data-orig-size=\"800,600\" 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;1&quot;}\" data-image-title=\"1 walker rd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1 Walker Rd. in Martinsville, Va. Image courtesy of Phoenix Investors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg\" alt=\"The facility at 1 Walker Road in Martinsville, Va.\" class=\"wp-image-1004702329\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">In February, Phoenix Investors also purchased an 813,000-square-foot facility in Martinsville, Va. <em>Image courtesy of Phoenix Investors<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>An affiliate of Phoenix Investors has acquired three industrial properties and a solar farm in Nashville, Ark., totaling more than 815,000 square feet. Machine industry company Husqvarna sold the assets.<\/p>\n\n\n\n<p>Phoenix Investors plans to implement a capital improvement plan to attract high-quality tenants. <\/p>\n\n\n\n<p>In July 2023, Husqvarna announced the closure of its Nashville manufacturing facilities as part of a broader strategy to streamline operations and minimize its carbon footprint. The phase-out of these properties is scheduled to be finished by the end of this year.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-development-pipeline-slows-down\/\">Industrial Development Pipeline Shrinks<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The property at 630 Highway 27 Bypass is a 351,763-square-foot Class A facility completed in 2017. It has 25 dock-high loading doors, 37-foot clear heights, 488 parking spaces and about 4,240 square feet of office space. It is some 3 miles from downtown Nashville.<\/p>\n\n\n\n<p>The company also purchased the 299,885-square-foot building at 1 Poulan Drive, which has 16 dock doors, a kitchen area and a 6,600-square-foot cafeteria. The 1976-completed property also has clear heights up to nearly 37 feet.<\/p>\n\n\n\n<p>The third property is a 165,046-square-foot warehouse constructed in 1998 and 2000 on almost 50 acres. It has 12 dock doors and 12 overhead doors, 4,320 square feet of office space and a 22,998-square-foot shop. Additionally, the property has an onsite solar farm with a capacity of 0.7 megawatts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-investors-expands-footprint-nationwide\">Phoenix Investors expands footprint nationwide<\/h2>\n\n\n\n<p>With this purchase, the buyer\u2019s total national inventory consists of more than 78 million square feet across 29 states. The company focuses on the acquisition, renovation and releasing of former manufacturing facilities.<\/p>\n\n\n\n<p>In February, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-virginia-industrial-asset\/\">acquired an 813,000-square-foot facility<\/a> in Martinsville, Va., from Resurgence Properties. That building came online in the 1970s and formerly housed Bassett-Walker Textile.<\/p>\n\n\n\n<p>At the end of last year, an affiliate of <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-affiliate-buys-785-ksf-memphis-facility\/\">Phoenix Investors purchased<\/a> a 785,000-square-foot industrial property in Memphis, Tenn. Electrolux sold the asset, after it ceased production at the facility in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A manufacturer of outdoor power tools sold the assets.<\/p>\n","protected":false},"author":3355,"featured_media":1004702329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,51973],"tags":[52463,37411],"class_list":["post-1004723728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southwest","tag-husqvarna","tag-phoenix-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix Investors Acquires 815 KSF Arkansas Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Phoenix Investors purchased a three-building, 815,000-square-foot industrial portfolio in Nashville, Ark., from Husqvarna.\" \/>\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-acquires-815-ksf-arkansas-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Investors Acquires 815 KSF Arkansas Portfolio\" \/>\n<meta property=\"og:description\" content=\"Phoenix Investors purchased a three-building, 815,000-square-foot industrial portfolio in Nashville, Ark., from Husqvarna.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-acquires-815-ksf-arkansas-portfolio\/\" \/>\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=\"2024-08-02T08:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-02T13:45:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/1-walker-rd-e1722519766302.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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-acquires-815-ksf-arkansas-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-acquires-815-ksf-arkansas-portfolio\/\",\"name\":\"Phoenix Investors Acquires 815 KSF Arkansas Portfolio - 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