Industrial real estate has experienced a wild ride in the U.S. ever since the global COVID-19 pandemic caused a rush on warehouses to support an e-commerce boom and factories to accommodate supply chain resiliency efforts. As a result, the sector led the pack in commercial real estate (CRE), with investors scrambling to acquire in-demand assets and prospective tenants searching desperately for viable space. However, the latter half of 2022 brought predictions of economic uncertainty and recession, as well as falling consumer demand. Though industrial rode ... Read More
An affiliate of Phoenix Investors ("Phoenix") announced the acquisition of the FUJIFILM ("Fujifilm") Campus in Greenwood, South Carolina. Constructed from the late 80s through the mid-2000s, the Campus includes 11 buildings, 500 acres, and over 2.7 million square feet. Fujifilm has leased back approximately 50% of the Campus; the rest will be marketed for lease to new tenants. Click here to read the full article by MarketWatch.
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