Phoenix Investors Adds 600,000-Square-Foot Troy Industrial Hub

The facility, originally built in 1969 with major expansions in 1986 and 1998, sits 54 miles northwest of St. Louis. It features 32-foot clear heights, 24 dock doors, and heavy-duty 277/480-volt electrical infrastructure. Phoenix Investors plans to perform capital improvements, including the addition of new dock positions, to better serve manufacturing and logistics tenants. While HMH will occupy the building initially, Phoenix will begin marketing portions of the space to new tenants starting in October 2026.

Anthony Crivello, President of Phoenix Investors, noted that the transaction aligns with the firm’s strategy of balancing current corporate consolidation needs with long-term asset repositioning. The property’s location along the US-61 corridor provides efficient connectivity to regional distribution networks, making it a key addition to the firm's portfolio of 86 million square feet of industrial space across 27 states.