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Phoenix Investors Affiliate Buys Former Sears Distribution Center in Memphis

Sears Holding Corp. Sells 1.4 Million-Square-Foot Industrial Facility for $8.3 Million
The 1.47 million-square-foot distribution center in Memphis, Tennessee. (CoStar)
The 1.47 million-square-foot distribution center in Memphis, Tennessee. (CoStar)
By Thomas Ferguson
CoStar Research
January 6, 2020 | 3:06 P.M.

An affiliate of Phoenix Investors, a national private investment firm, has purchased a 1.47 million-square-foot former Sears Distribution Center in Memphis, Tennessee, for $8.25 million, or about $6 per square foot.

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