Business
PHOENIX INVESTORS ANNOUNCES INDUSTRIAL ACQUISITION IN KANKAKEE, ILLINOIS
An affiliate of Phoenix Investors ("Phoenix"), a national commercial real estate investment firm based in Milwaukee, Wisconsin, announced the acquisition of an approximately 670,000-square-foot, heavy-power industrial property in Kankakee, Illinois. The rail-served facility is strategically positioned near Interstate 57, offering efficient access to the Chicago metropolitan area and the broader Midwest distribution network.
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[{"type":"text","content":"KANKAKEE, Ill., Jan. 28, 2026 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national commercial real estate investment firm based in Milwaukee, Wisconsin, announced the acquisition of an approximately 670,000-square-foot, heavy-power industrial property in Kankakee, Illinois. The rail-served facility is strategically positioned near Interstate 57, offering efficient access to the Chicago metropolitan area and the broader Midwest distribution network.","length":483,"tagName":"p"},{"type":"image","alt":"Phoenix Investors is the leading expert in the acquisition, renovation, and releasing of former manufacturing facilities in the United States. (PRNewsfoto/Phoenix Investors)","displaySize":"","headline":null,"caption":"Phoenix Investors is the leading expert in the acquisition, renovation, and releasing of former manufacturing facilities in the United States. (PRNewsfoto/Phoenix Investors)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":340,"url":"https://media.zenfs.com/en/prnewswire.com/839e8515294ca73e1c6940b7c51f47b4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/L6LSkqp5XZo6Qc496lsziA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU5OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/839e8515294ca73e1c6940b7c51f47b4","width":400,"height":340}},"href":"https://mma.prnewswire.com/media/1988784/PhoenixInvestorsOEV.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Formerly home to the Heinz Pet Food manufacturing and distribution facility, the site has a long history of industrial use and now presents a compelling opportunity for tenants seeking scale, power, and flexibility within a cost-effective Midwest location. The property offers exceptional underlying infrastructure, including approximately 43 megawatts of power, clear heights up to 87 feet, 41 dock doors, seven drive-in doors, and an active Norfolk Southern rail spur. The fully fenced site includes a guard shack, extensive trailer and automobile parking, and the ability to be demised to accommodate multiple users or a single large-format tenant.","length":651,"tagName":"p"},{"type":"text","content":"Phoenix plans to undertake a series of capital improvements to reposition the property and enhance its functionality for modern industrial users. Planned improvements include white-boxing selec...