An affiliate of Phoenix Investors acquired an approximately 670,000-square-foot, heavy-power industrial property in Kankakee, Illinois.
The rail-served facility is strategically positioned near Interstate 57, offering efficient access to the Chicago metropolitan area and the broader Midwest distribution network.
Formerly home to the Heinz Pet Food manufacturing and distribution facility, the site has a long history of industrial use and now presents a compelling opportunity for tenants seeking scale, power, and flexibility within a cost-effective Midwest location. The property offers exceptional underlying infrastructure, including approximately 43 megawatts of power, clear heights up to 87 feet, 41 dock doors, seven drive-in doors, and an active Norfolk Southern rail spur. The fully fenced site includes a guard shack, extensive trailer and automobile parking, and the ability to be demised to accommodate multiple users or a single large-format tenant.
Phoenix plans to undertake a series of capital improvements to reposition the property and enhance its functionality for modern industrial users. Planned improvements include white-boxing select areas, general site and exterior upgrades, the installation of high-efficiency LED lighting, and the addition of new dock doors to further improve loading capacity and operational flow. These enhancements are intended to increase flexibility and allow the facility to accommodate a wide range of logistics, manufacturing, advanced industrial, and energy-intensive uses.
