PHOENIX INVESTORS ANNOUNCES INDUSTRIAL ACQUISITION IN KANKAKEE, ILLINOIS
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Phoenix Investors, a commercial real estate investment firm, has acquired a 670,000-square-foot industrial property in Kankakee, Illinois. The facility, previously used by Heinz Pet Food, is strategically located near Interstate 57 and offers significant infrastructure, including 43 megawatts of power and multiple loading docks. Phoenix plans to enhance the property with capital improvements to better serve modern industrial tenants. This acquisition aligns with Phoenix's strategy to revitalize industrial assets and support tenant growth across the U.S.
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