Phoenix Investors Expands Industrial Portfolio with Kankakee Acquisition

Kankakee, Illinois - Phoenix Investors, a well-established commercial real estate investment firm headquartered in Milwaukee, Wisconsin, proudly announced the acquisition of a sizable industrial property located in Kankakee. This facility, spanning approximately 670,000 square feet, is poised for revitalization and strategically located by the highly trafficked Interstate 57, enabling seamless access to the broader Chicago metropolitan area and beyond into the Midwest's distribution network.

Previously operating as a Heinz Pet Food manufacturing and distribution site, the property carries a rich legacy of industrial utilization, making it an attractive opportunity for tenants. Its vast infrastructure capabilities include an impressive 43 megawatts of power, substantial height clearances reaching up to 87 feet, as well as numerous loading options featuring 41 dock doors and seven drive-in doors. Additionally, the property is served by the active Norfolk Southern rail spur, catering to businesses that require extensive logistics capabilities.

A standout feature of the acquisition is its fully fenced area, which enhances security while providing ample parking for both trailers and automobiles. The flexibility of the space also allows for potential division to meet the varying needs of multiple tenants or servicing larger companies looking for expansive operations.

Phoenix Investors has outlined a comprehensive plan to enhance the facility. This includes capital improvements designed to modernize the property and improve its usability for today's industrial tenants. Key upgrades are set to feature the installation of high-efficiency LED lighting, renovation of selected areas, and enhancements to the overall site to support a more optimal operational workflow. Future plans also involve adding new dock doors to facilitate efficient loading processes.

“Our ongoing mission at Phoenix is to acquire, renovate, and reposition industrial properties that are crucial for modern businesses,” stated Anthony Crivello, President of Phoenix Investors. “This latest addition in Kankakee underscores our commitment to providing flexible, well-located spaces that enable tenants to thrive and grow.”

Phoenix Investors boasts a robust reputation as one of the largest owners of industrial real estate in the United States. The company’s innovative approach extends beyond traditional properties to include the acquisition and updating of data center assets, catering to the increasing demand for cutting-edge digital infrastructure. The company's initiatives play an essential role in revitalizing communities, reinforcing economic development across the regions served.

With approximately 85 million square feet of industrial properties under management and spanning 27 states, Phoenix Investors continues to deliver cost-effective solutions that support corporate needs and structural adaptability.

For more information on Phoenix Investors and its initiatives, visit phoenixinvestors.com.