An affiliate of Phoenix Investors (Phoenix) announced the completion of a 1,000,000-square-foot multi-phase redevelopment effort in North Normal Industrial Park in Normal, Illinois. A ribbon-cutting ceremony is scheduled at the property on Friday, January 6, 2023.
Phoenix acquired the property in June 2020 from Wildwood Industries, Inc. Located at 301 West Kerrick Road, the property is situated on 92 acres. It is centrally situated at the intersection of I-39, I-55, and I-74 and is two hours from Chicago, St. Louis, and Indianapolis.
The original, 500,000-square-foot industrial facility, known as “Phase One,” includes 50- by 60-foot column spacing, 84 exterior docks, and cross-dock capabilities. The second phase, known as “Phase Two,” consists of a 500,000-square-foot addition adjacent to Phase One. The facility includes 50- by 60-foot column spacing, 50 exterior docks, and cross-dock capabilities. With modern amenities and a highly functional design, Phoenix completed Phase One and Phase Two for Rivian.
“This redevelopment project is over a decade in the making. We are excited to finally bring it to completion,” said Phoenix Chairman & Founder Frank Crivello. “We anticipate this new facility will provide additional jobs and opportunities to Normal.”
