PHOENIX INVESTORS ACQUIRES FORMER ANCHOR GLASS FACILITY IN JACKSONVILLE, FL

Property is primed for manufacturing, logistics, or e-commerce fulfillment

JACKSONVILLE, Fla., July 21, 2025 /PRNewswire/ -- An affiliate of Milwaukee-based commercial real estate firm Phoenix Investors ("Phoenix"), a national leader in the revitalization of former manufacturing facilities, announced the acquisition of 2121 Huron Street in Jacksonville, Florida. The transaction adds approximately 628,000 square feet of industrial space to Phoenix's growing national portfolio.

Previously home to Anchor Glass Container Corporation, the facility features 26 docks, heavy-duty power supported by dual 7500/10000 KVA transformers, and clear heights up to 32 feet. The building is easily demisable for multiple industrial users. Zoned for heavy industrial use and served by a dual rail spur via Norfolk Southern, the site is ideal for manufacturing, logistics, or e-commerce fulfillment. Its proximity to I-95, I-10, and Jacksonville International Airport make it a highly efficient hub for regional and national operations.

Phoenix intends to commence capital improvements in short order to reposition the facility for modern industrial users. Planned upgrades include selective demolition, a new roof, fire suppression enhancements, interior and exterior painting, new dock equipment, and site work improvements. These enhancements are designed to elevate the building's functionality, improve aesthetics, and accelerate lease-up to high-quality users.

"This is the ninth former glass plant we've acquired in the nation, and we've consistently proven our ability to redevelop these sites into modern industrial assets," said Anthony Crivello, Executive Vice President & Managing Director at Phoenix. "The acquisition fits our national strategy to repurpose legacy facilities and create value for tenants. We see strong potential here to support Jacksonville's growth and the surrounding region."

This acquisition underscores Phoenix Investors' continued commitment to revitalizing legacy industrial assets and unlocking their potential for modern commercial use. As demand for strategically located, high-capacity facilities continues to rise, Phoenix remains focused on delivering flexible, high-performance spaces that meet the evolving needs of today's industrial tenants.

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 release of former manufacturing facilities in the United States. The revitalization of facilities throughout the continental United States positively transforms communities and restarts the economic engine in the communities we serve. Phoenix's affiliate companies hold equity interests in a portfolio of industrial properties totaling approximately 83 million square feet and 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