Phoenix Investors announced that one of its affiliates has acquired a 334,772-square-foot industrial property in West Paducah, Kentucky, marking another expansion of its U.S. industrial real estate portfolio.
The facility, located on approximately 29 acres at 7845 Carneal Road, was originally constructed in 1966 and is designed to support manufacturing, distribution, and bulk logistics operations. The property includes features such as clear heights up to 25 feet, seven dock doors, thirteen drive-in doors, and a fully fenced site with extensive yard and parking space. It also offers 277/480-volt, three-phase electrical service and flexible warehouse configurations.
A major strategic advantage of the site is its proximity to the region’s “Triple Rail” infrastructure, which enables access to multiple rail carriers, including Paducah & Louisville Railway, Canadian National, and BNSF Railway. This connectivity provides tenants with flexible domestic and international shipping options.
The property is also positioned within one of the most significant inland waterway networks in the United States, near the convergence of the Ohio, Tennessee, Cumberland, and Mississippi Rivers. Approximately 75 percent of U.S. inland marine traffic passes within 40 miles of the area, supporting substantial barge and riverport activity.
Phoenix Investors plans to implement capital improvements throughout 2026 to modernize the facility. These upgrades are expected to include white-boxing portions of the building, installing energy-efficient LED lighting, exterior painting, parking lot enhancements, dock improvements, and other operational upgrades.
The acquisition aligns with Phoenix Investors’ broader strategy of acquiring and repositioning industrial assets across the country. The firm currently holds equity interests in a portfolio totaling approximately 86 million square feet across 27 states, with a focus on revitalizing former manufacturing facilities and supporting evolving industrial and logistics demand.
KEY QUOTE:
“West Paducah offers a unique combination of rail, river, and highway connectivity that is increasingly difficult to replicate in today’s industrial market. With the planned improvements and access to multiple transportation modes, including three rail carriers and one of the country’s most active inland waterways, this facility presents a compelling opportunity for manufacturers and logistics operators seeking scalable space in a strategic location.”
Luke Herder, VP of Acquisition & Leasing, Phoenix Investors
