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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.


Inside The Story

Phoenix Investors

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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