Phoenix Investors announced that an affiliate of the company acquired a nearly 600,000-square-foot industrial facility located at 200 Academic Way in Troy, Missouri.
The facility sits on approximately 38 acres and offers strategic access to US-61. The property was acquired from HMH Education Company.
Phoenix worked with HMH to structure a transaction that supports HMH’s long-term facility consolidation strategy while creating future leasing opportunities for Phoenix. As part of the transaction, HMH entered into a leaseback of the entire facility.
Beginning in October 2026, Phoenix may make portions of the building available for lease to additional tenants. Phoenix will immediately begin marketing future availability within the facility.
The property was originally constructed in 1969, with expansions completed in 1986 and 1998. It recently received a new roof and features a functional industrial layout, with most of the facility offering 32-foot clear heights.
Additional features include 24 dock doors, five drive-in doors, substantial 277/480-volt three-phase electrical service, and parking for about 190 vehicles. The building’s flexible design can support either a large single occupier or a future multi-tenant configuration.
Phoenix plans to make targeted capital improvements to the property, including adding more dock positions. These improvements are expected to enhance the facility’s ability to serve manufacturing, warehousing, logistics, and distribution users.
The facility is located approximately 54 miles northwest of St. Louis and provides access to one of the Midwest’s major transportation and distribution hubs. Its location along the US-61 corridor offers connectivity to regional and national markets, while the property’s industrial zoning supports a range of manufacturing and distribution uses.
Phoenix Investors is based in Milwaukee and focuses on acquiring, renovating, and re-leasing former manufacturing facilities. The company’s affiliates hold equity interests in a portfolio of industrial properties totaling approximately 86 million square feet across 27 states.
KEY QUOTE:
“At Phoenix, we are willing to roll up our sleeves and work collaboratively to develop creative solutions that address the objectives of all parties involved. This transaction is a great example of that approach. We were able to help facilitate HMH’s long-term consolidation strategy while acquiring a high-quality industrial asset that offers significant flexibility and future leasing opportunities. We are excited to add this property to our portfolio and continue investing in the Troy community.”
Anthony Crivello, President of Phoenix Investors
