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Phoenix Investors Acquires 660K-SF Industrial Facility in Rhode Island
An affiliate of national private commercial real estate firm Phoenix Investors has acquired a 660,000-square-foot industrial facility in Central Falls, R.I. The sales price was not disclosed.
Located at 1193 Broad Street, the property is the former plant of LEDVANCE, a producer of general lighting for lighting professionals as well as end users. The 12-acre property was originally built in 1900 as a textile mill and for most of its existence manufactured Sylvania-branded products.
“We have already acquired four of LEDVANCE’s former plants and are successfully repositioning those plants. Our focus at each factory is economic revival and the creation of new jobs,” said Frank Crivello, Chairman and Founder of Phoenix Investors. “We are grateful to Mayor Diossa for his enthusiastic support of this project.”
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- ◦Sale/Acquisition
