Anthony Crivello

Four Considerations When Siting a Smart Factory

Reshoring has become an effective method for improving a company’s supply chain resiliency. As U.S. businesses decouple from Asia and bring their production operations and supplier sourcing back to American soil, they will need viable industrial real estate properties that can handle the varying needs of modern manufacturing. One of the biggest changes facing these reshoring operations is labor, which is more expensive and less readily available in the United States.  As a result, many new U.S. factories must rely heavily on automation to ... Read More

Phoenix Investors Buys Former Manufacturing Plants

As published by Barbra Murray for Commercial Property ExecutiveThree industrial facilities increase the company’s portfolio by 1 million square feet.Phoenix Investors continues to expand its portfolio, most recently adding three industrial properties via three separate transactions. The company purchased the former manufacturing plants totaling more than 1 million square feet in metropolitan Milwaukee and the Greater Raleigh, N.C., area.Phoenix is a master of redeveloping and repurposing former plants and plans to do just that with its new purchases. With the explosion in construction costs over the ... Read More

Can Blighted Properties Provide New Industrial Inventory?

The industrial real estate sector has been plagued by a shortage of new inventory thanks to a confluence of events that includes the COVID-19 pandemic, building material supply disruptions, labor shortages, a continuing run on e-commerce fulfillment centers, and much more. As a result, industrial stakeholders have gotten creative in the face of adversity by converting commercial properties, building vertical warehouses, and spreading inventory across numerous micro-fulfillment centers. Despite the innovation happening over the past two years, many industry stakeholders have overlooked blighted industrial properties ... Read More

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