Industrial corridor. Picture courtesy of EFAFLEX_Shnelllaftoure through piaxabay
Phoenix Traders has bought a 365,640-square-foot industrial property in West Burlington, Iowa, for $5.8 million, based on Des Moines County public data.
The brand new possession is advertising and marketing the property for lease. In partnership with the Metropolis of West Burlington, Phoenix Traders will rework the power right into a high-quality industrial product, West Burlington Metropolis Administrator Gregg Mandsager mentioned in ready remarks.
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Positioned at 510 E. Company Highway, the two-story constructing incorporates a clear top between 24 and 33 toes, a 22,500-square-foot workplace element, two exterior dock doorways, one drive-in door, bolstered concrete flooring, ample column spacing and 675 car parking spots. Moreover, the property gives divisible floorplates of as much as 50,000 sq. toes and has a manufacturing space of practically 263,000 sq. toes.
Located on an roughly 39-acre lot and inbuilt 1955, the warehouse constructing is near highways 34 and 61, permitting quick access to Cedar Rapids, Iowa, Des Moines, Iowa, St. Louis, Peoria, Unwell., and Chicago. With instant entry to The Burlington Junction Railroad, the economic property is 1.5 miles north from the BNSF Mainline, making it a sought-after location for logistics customers.
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Phoenix Traders’ leasing brokers in command of the asset are Senior Vice President of Acquisition & Leasing Kurt Jensen and Director of Acquisition & Leasing Patrick Dedering. The property offers an excellent leasing alternative, with instant occupancy, for transportation and different companies searching for good-quality industrial product, Dedering commented in ready remarks.
Phoenix Traders had a busy 2022, with a number of investments. In July, the corporate signed a purchase order settlement for Fujifilm’s South Carolina manufacturing campus, a 500-acre property totaling 2.5 million sq. toes of house throughout 5 services. In December 2022, the corporate picked up a 3 million-square-foot industrial campus in Gadsen, Ala. Inbuilt 1929, the power is the previous house of a Goodyear Tire & Rubber Co. manufacturing plant.
