The costs associated with outsourcing manufacturing to China have been steadily climbing over the last decade. Wages for Chinese industrial workers have risen more than 2000 percent in the past 40 years. As a consequence, the cost of using a China-based contract manufacturer has climbed steadily as well. Coupled with the rising costs of international logistics, many U.S. companies have pursued reshoring as a cost-effective production option. The COVID-19 pandemic has accelerated the reshoring trend, with 69 percent of manufacturing and industrial respondents to an ... Read More
In a string of acquisitions, Phoenix Investors announce they secured a former Texas tire factory and a printing plant in Virginia. These acquisitions come just weeks after a large, three-property acquisition in Tennessee. Phoenix plans to lease with all current tenants, implement improvements, and build new space for lease. Read the full article on Commercial Property Executive.
As reported on Times-News Founded in 1994 by Frank P. Crivello, Phoenix Investors and its affiliates (collectively “Phoenix”) are a leader in the acquisition, development, renovation, and repositioning of industrial facilities throughout the United States. Utilizing a disciplined investment approach and successful industry partnerships, Phoenix has developed a proven track record of generating superior returns while providing cost-efficient lease rates for its growing portfolio of national tenants. Phoenix recently expanded its presence to Tennessee with the acquisition of three industrial properties totaling approximately 1,600,000 square feet. The properties—located ... Read More