Phoenix Logistics, an affiliate of national private commercial real estate firm Phoenix Investors, has opened a new facility in Herrin, Ill., according to a press release. To complete the move, the company has partnered with plastic containers manufacturer Pretium Packaging.
Phoenix will provide warehouse and transportation management services for Pretium, creating jobs in what used to be a Maytag plant. The complex has an additional 460,000 square feet of space available for lease or third-party contract warehouse services.
“We believe the recent renovation of the Herrin facility will be a catalyst for economic revitalization and business growth in the area,” Phoenix Investors CEO David Marks said.
Milwaukee-based Phoenix Investors’ affiliate companies hold interests in about 24 million square feet of industrial, retail, office and single-tenant net-lease properties in 23 states.