As published by The Tube City Almanac  A Wisconsin-based investment group is purchasing the former G.C. Murphy Co. distribution center in Christy Park and plans to “immediately commence upgrades to the facility to accommodate new tenant occupancy.” Phoenix Investors LLC announced Monday that it will purchase the 627,000-square-foot facility, which stretches over 36 acres between 28th and 35th avenues. The building has been occupied since 1995 by Magic Creations, which manufactures and distributes plastic housewares and other items to discount stores. The company will continue ... Read More

While there is no shortage of demand for industrial real estate in the United States, supply won’t catch up with that demand any time soon. Though COVID-19 fueled a massive shift toward e-commerce, shoppers are expected to keep buying online once the pandemic subsides. Meanwhile, companies have implemented plans to regionalize supply chains and reshore manufacturing assets to the United States. Other growth drivers for industrial real estate include a rising need for cold storage due to vaccine storage and online grocery fulfillment and a growing need for data centers to support the expanded use ... Read More