PARK HILLS, Mo., Aug. 28, 2023 ~ Phoenix Investors, an affiliate of Phoenix Investors, has announced the acquisition of a 515,913-square-foot industrial building located at 1000 Taylor Avenue in Park Hills, Missouri. The facility features 18 docks; six, 14-foot overhead drive-in doors; clear heights up to 40 feet; and both wet & dry fire suppression systems. It is situated on 41.76 acres with parking for nearly 300 automobiles and 9 trailers.

The property was formerly inhabited by PGP Glass USA, Inc., owned by Piramal Glass and Blackstone Capital. PGP announced its closure in February 2022 and closed its doors in March 2022.

Frank Crivello, Chairman & Founder of Phoenix Investors said: "We are very excited to add this industrial facility to our portfolio and attract quality employers to the area. The facility can be leased immediately; we are confident we will be able to reinvigorate the area's economic activity with this valuable acquisition."

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The property boasts an active rail spur serviced by Union Pacific Railroad, is located only 11 miles from Farmington Regional Airport, and less than 2 miles from US-67, making it easily accessible from rail, air, and road. This acquisition highlights Phoenix's commitment to investing in the Park Hills community and providing superior commercial real estate options to local businesses as well as avenues for development and growth within the local workforce and economy.

For more information or to schedule a tour of the property please contact Phoenix at https://phoenixinvestors.com/contact.

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