An affiliate of Phoenix Investors ("Phoenix") announced the acquisition of a Gadsden, AL Campus spanning about 3 million square feet. Renovated in 2015, the industrial property features 30 dock doors, clear heights up to 30 feet, close proximity to I-759 and I-59, and a central location between Atlanta, Birmingham, Huntsville, and Chattanooga. Phoenix will market the space for lease after completing several capital and cosmetic improvements. In the process, the Gadsden area could gain around 1,200 employment opportunities. Click here to read the full ... Read More
Coldwell Banker Commercial Affiliate Negotiates Sale of 488,000-SF Industrial Facility in Freeport, Illinois
Coldwell Banker Commercial McGuire Mears & Associates negotiated the sale of a 488,000-square-foot industrial facility in Freeport, Illinois. The list price for the property was $7 million, and the building features a clear height of 26 feet, 30 exterior docks, and 10 drive-in doors. Adam Shultz of Coldwell Banker Commercial McGuire Mears & Associates represented the seller. The buyer was an affiliate of Milwaukee-based Phoenix Investors, LLC. Click here to read the full article.
Originally published by ConnectCRE.Coldwell Banker Commercial McGuire Mears & Associates has closed the sale of a multi-tenant industrial property located at 1555 IL Rte. 75 E. in Freeport, IL. The industrial facility includes 488,000 square feet spanning six land parcels totaling approximately 55 acres. Although the final sale price wasn’t disclosed, the property was listed at $7 million.Adam Shultz of Coldwell Banker Commercial McGuire Mears & Associates was the exclusive broker for the seller, an affiliate of Badger Property Investments, LLC, a Janesville, WI-based regional development firm. The buyer ... Read More