Phoenix Investors Acquires 1.3M-SF Industrial Property in Huntsville
An affiliate of Phoenix Investors has acquired the Technicolor Campus, a 1.3 million-square-foot industrial property in Huntsville, AL.
Located at 4905 Moores Mill Road, the 161-acre property includes a number of industrial buildings which were historically used for disc manufacturing, packaging and distribution. The property consists of 916,000 square feet of warehouse and distribution space, 425,000 square feet of manufacturing and production space and 30,000 square feet of office space.
“We entered the Huntsville industrial market with our purchase four years ago of the former Chesebrough-Pond’s manufacturing plant which we have successfully repositioned,” said David Marks, President & CEO at Phoenix. “We have identified Huntsville as a market poised for continued long-term growth and strong industrial demand. With limited modern big-box, high-bay space available in the marketplace, we expect a strong tenant response to this campus coming onto the marketplace for lease.”
Daniel Stubbs of Binswanger brokered the transaction on behalf of Phoenix Investors. The seller was not disclosed.