Phoenix Investors Buys 516 KSF Facility in Missouri

Frank Crivello, Chairman & Founder, Phoenix Investors. Image courtesy of Phoenix Investors

Phoenix Investors has purchased a 515,913-square-foot industrial building in Park Hills, Mo. The seller was Piramidal Glass, a company owned by Blackstone Capital. The buyer plans to attract high-profile tenants at the property, Phoenix Investors Chairman & Founder Frank Crivello said in prepared statements.

Originally built in 1976 and upgraded in 2018, the warehouse at 1000 Taylor Ave. features 40-foot clear heights, 18 docks, six over-head doors, wet and dry suppression systems, 9 trailer parking spots and 300 vehicle parking spots. Phoenix Investors Assistant Vice President Luke Herder and Senior Vice President Kurt Jensen are the property’s leasing brokers.

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Previously occupied by PGP Glass USA Inc. until March 2022, the property is on approximately 42 acres, close to U.S. State Route 67. The location is 11 miles from Farmington Regional Airport, 27 miles from Fredericktown, Mo., and within 64 miles of St. Louis. The asset is also served by a Union Pacific Railroad active spur.

Phoenix Investors specializes in the acquisition, renovation and repositioning of large, former single-tenant industrial facilities across the U.S. The company recently picked up a 365,640-square-foot asset in West Burlington, Iowa, with plans to reposition it into a high-quality product.