Friday 27 November 2020

An affiliate of Milwaukee, Wisconsin-based commercial real estate firm Phoenix Investors has acquired a 760,000 square foot communication plant, located in Virginia, from Chicago-based commercial printer LSC, the company said.

Terms of the transaction were not disclosed.

The facility is set up for use by a wide range of tenants of various sizes for distribution or manufacturing.

The transaction was brokered by CBRE, Inc.

Phoenix Investors' core business is the revitalisation of former manufacturing facilities throughout the United States.

This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve.

Phoenix's affiliate companies hold interests in industrial, retail, office, and single tenant net-leased properties in approximately 34 m square feet, spanning 22 states.