Phoenix Investors has finalized the acquisition of a former manufacturing site in Jacksonville, Florida, enhancing its national portfolio by adding approximately 628,000 square feet of industrial space. The facility, located at 2121 Huron Street, was previously operated by Anchor Glass Container Corporation and is well-suited for various industrial uses, including manufacturing, logistics, and e-commerce fulfillment.
The site boasts 26 docks, heavy-duty power capabilities supported by dual transformers rated at 7,500/10,000 KVA, and clear heights reaching up to 32 feet. Its heavy industrial zoning and dual rail spur access via Norfolk Southern position it as an ideal hub for businesses looking to optimize their operations. Its strategic location near key transportation arteries such as I-95, I-10, and Jacksonville International Airport further enhances its logistical advantages.
Strategic Upgrades Planned
Following the acquisition, Phoenix Investors plans to initiate capital improvements aimed at modernizing the facility. The upgrades will encompass selective demolition, installation of a new roof, enhancements to fire suppression systems, and comprehensive interior and exterior renovations. Additionally, new dock equipment will be installed, along with various site work improvements. These enhancements are designed to elevate the building’s functionality, improve its aesthetic appeal, and expedite leasing to high-quality tenants.
Anthony Crivello, Executive Vice President and Managing Director at Phoenix, emphasized the company’s commitment to revitalizing legacy industrial assets. “This is the ninth former glass plant we’ve acquired in the nation,” he stated. “We’ve consistently proven our ability to redevelop these sites into modern industrial assets. The acquisition fits our national strategy to repurpose legacy facilities and create value for tenants. We see strong potential here to support Jacksonville’s growth and the surrounding region.”
Commitment to Revitalization
This acquisition highlights Phoenix Investors’ ongoing dedication to transforming former manufacturing sites into functional commercial spaces. As demand for strategically located, high-capacity facilities surges, the firm remains focused on delivering flexible, high-performance environments that cater to the evolving needs of industrial tenants.
With a portfolio that spans approximately 83 million square feet across 27 states, Phoenix Investors continues to play a pivotal role in revitalizing communities by enhancing local economies through its redevelopment efforts. For more information about Phoenix Investors and to view their expanding portfolio, visit their official website.
Phoenix Investors exemplifies a model for how repurposing industrial spaces can not only meet current market demands but also contribute positively to community development.
