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Phoenix Investors Acquires 670,000 SF Industrial Property in Kankakee, Illinois

Summary by REBusinessOnline
KANKAKEE, ILL. — An affiliate of Phoenix Investors has acquired a 670,000-square-foot, heavy power industrial facility in Kankakee. The rail-served property is positioned near I-57. Formerly home to the Heinz Pet Food manufacturing and distribution facility, the property features 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 in…
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REBusinessOnline broke the news in on Thursday, January 29, 2026.
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