Phoenix Team

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

Industrial real estate has seemed like an unstoppable force, driven by a need for fulfillment centers to fuel an e-commerce boom. However, as an economic slowdown caused two consecutive quarters of GDP decline, many experts began to believe the United States was either entering or already experiencing a recession. Furthermore, skyrocketing inflation caused consumers to ease up on spending, indicating that the e-commerce boom was waning. Additionally, Amazon, a key driver of industrial growth throughout the pandemic, has backed off its rapid fulfillment center expansion strategy ... Read More