With its acquisition of the former Chesbrough-Pond’s plant in Huntsville, AL, Phoenix Investors has expanded its portfolio to 22 states. The deal for the 359,00-square-foot building reportedly totaled $5.1 million.

“The proximity to the Huntsville International Airport and I-585 made this a long-term attractive asset for our portfolio,” said Phoenix Investors Chairman & Founder Frank P. Crivello. “We continue to deploy committed capital on our core industrial strategy and seek additional industrial value acquisitions in the Huntsville market and across Alabama.”

Click here to read the full story, written by Hanno van der Bijl for the Birmingham Business Journal.