Renovation of Kentucky Warehouse Aligns With Governor’s Push for Agritech Jobs

Originally Published by CoStar Group Inc.  An affiliate of Phoenix Investors acquired a vacant 267,289-square-foot warehouse building in Mount Sterling, Kentucky, for $1.65 million in December 2022. The building hadn't been used since Regal Rexnord Corp. ceased operations in 2014. Shortly after the sale, Phoenix Investors entered a long-term lease agreement with Neogen Corp., a manufacturer of animal and food safety products. Phoenix renovated the warehouse — now called the Neogen Mount Sterling — in 2022, adding new dock positions, racking and conveyor systems, ... Read More

2024-08-02T18:45:05+00:00April 5th, 2023|Acquisitions & Projects, Anthony Crivello, Blog, Press|
Read More

What is Industrial Real Estate?

Industrial real estate has made countless headlines in recent years. First, as a promising classification of commercial real estate (CRE) with massive growth potential alongside the expansion of e-commerce. Then, as the COVID-19 pandemic hit, as the darling of commercial real estate in response to explosive e-commerce growth and renewed corporate interest in reshoring production to the United States in pursuit of better supply chain resiliency. Much like the term “supply chain,” “industrial real estate” has become a household phrase in recent years. But ... Read More

2024-08-02T18:28:28+00:00March 29th, 2023|Blog|
Read More

Potential Buyer for Northridge Mall Adds Extra Security with Plans to Clean Up Property

Originally published by CBS 58. We're learning more about the real estate group interested in purchasing the former Northridge Mall site. Talks of turning the site over to the city for demolition were further delayed earlier this month, when Milwaukee-based Phoenix Investors signed a purchase agreement. A spokesperson with Phoenix Investors said the company has a history of restoring rundown buildings, and they see value in the 1 million sq. ft. Northridge Mall property. "They see the building, and the structure of this building, ... Read More

2024-08-02T19:16:52+00:00March 28th, 2023|Acquisitions & Projects, Blog, Phoenix Team|
Read More
Go to Top