Revitalization in Jacksonville: Phoenix Investors Expands Portfolio with New Acquisition

Phoenix Investors Expands Its Reach in Jacksonville

Milwaukee-based commercial real estate firm, Phoenix Investors, continues its mission of revitalizing former manufacturing sites by acquiring the former Anchor Glass facility located at 2121 Huron Street in Jacksonville, Florida. With a significant addition of approximately 628,000 square feet to their growing national portfolio, Phoenix is strategically positioned to cater to the demands of manufacturing, logistics, and e-commerce sectors.

The facility, previously operated by Anchor Glass Container Corporation, is remarkably equipped. It boasts 26 docks, heavy-duty power supported by dual transformers rated at 7500/10000 KVA, and clear heights reaching 32 feet. This versatile building can be easily divided for multiple industrial users, making it particularly attractive due to its zoning for heavy industrial use. Additionally, the property's dual rail spur via Norfolk Southern enhances its logistics capabilities, making it an ideal hub for businesses looking to optimize their regional and national operations.

One of the highlights of this property is its strategic location. It's situated near several major highways including I-95 and I-10, as well as close proximity to Jacksonville International Airport. This connectivity not only boosts the facility's operational efficiency but also underlines Jacksonvilles’s growing significance as a logistics and commerce center.

Phoenix's ambitious plans for the property include a series of capital improvements to mold the facility into a modern industrial asset. Planned renovations encompass selective demolition, installation of a new roof, upgrades to fire suppression systems, as well as aesthetic enhancements including interior and exterior painting. The company also intends to upgrade dock equipment and improve site work to optimize functionality and appeal, accelerating lease-up to high-quality users.

Anthony Crivello, Executive Vice President and Managing Director at Phoenix, expressed optimism about the acquisition, stating: "This is the ninth former glass plant we've acquired in the nation, and we have consistently demonstrated 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."

This acquisition is part of Phoenix Investors’ broader commitment to transforming industrial spaces and unlocking their potential for contemporary commercial use. Their legacy of revitalization has already contributed significantly to communities across the United States, promoting economic renewal in previously underutilized areas.

As demand for high-capacity, strategically located facilities continues to rise, Phoenix remains dedicated to delivering flexible and high-performance spaces. This focus aims to meet the evolving needs of today’s industrial tenants, responding to trends in logistics and commerce driven by recent shifts in the global supply chain.

Businesses and corporations seeking effective real estate solutions can look forward to the advancements at this new facility, expected to elevate not just industry standards but also enhance Jacksonville's economic landscape. For more information on Phoenix Investors and its expanding portfolio, please visit their website at phoenixinvestors.com/portfolio.