PHOENIX INVESTORS ACQUIRES 1.5 MILLION-SQUARE-FOOT INDUSTRIAL COMPLEX IN CORSICANA, TX

Strategically located facility ideal for distribution and warehousing

CORSICANA, Texas, June 25, 2025 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix") announced the acquisition of a large industrial complex located at 2200 South Business 45 in Corsicana, Texas. The property adds approximately 1.5 million square feet across a 172-acre site to Phoenix's portfolio, bringing the Milwaukee-based commercial real estate firm's holdings to over 82 million square feet nationwide.

Originally constructed as a build-to-suit distribution center for K-Mart, the facility was later utilized by Home Depot as a regional logistics hub—underscoring its quality construction and strategic location. The site offers direct access to I-45, providing a critical link between Dallas and Houston and ideal positioning for logistics and distribution users.

The property is 100% occupied as of closing and includes 109 dock doors, 983 trailer parking spaces, heavy power capabilities, and clear heights ranging from 26 to 28 feet. The facility underwent major renovations in 2018, including a new roof installation, and features full perimeter fencing, secure access, abundant trailer and car parking, and a compressed air system throughout.

Approximately 250,000 square feet will become available for lease in October 2025. An additional 375,000 square feet will also become available as early as January 2027, offering ample room for expansion and accommodating a range of potential industrial users.

"This is a modern, high-quality industrial asset that aligns perfectly with our investment strategy," said Anthony Crivello, Executive Vice President & Managing Director at Phoenix. "Its robust infrastructure, access to major transportation routes, and tenant-ready space offer a compelling value proposition—particularly when compared to current rates in the Dallas market."

In addition to this acquisition, Phoenix has enjoyed an active 2025, including recent acquisitions in Memphis, Tennessee; Paris, Kentucky; and Roanoke, Virginia. In total, Phoenix has acquired approximately 6 million square feet so far in 2025, continuing its aggressive expansion across the country.

Please visit https://phoenixinvestors.com/portfolio to view Phoenix's expanding portfolio.

About Phoenix Investors

Phoenix Investors is the leading expert in the acquisition, renovation, and releasing of former manufacturing facilities in the United States. The revitalization of facilities throughout the continental United States leads to positively transforming communities and restarting the economic engine in the communities we serve. Our reconstruction and selective deconstruction of facilities provides a green alternative versus the standard demolition and replacement of legacy buildings. Phoenix's affiliate companies hold equity interests in a portfolio of industrial properties totaling approximately 82 million square feet spanning 27 states, delivering corporations with a cost-effective national footprint to dynamically supply creative solutions to meet their leasing needs. 

For more information, please visit https://phoenixinvestors.com.

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SOURCE Phoenix Investors