The buyer of the former Anchor Glass plant in Northwest Jacksonville said July 21 it plans capital improvements to modernize the facility.
The property at 2121 Huron St. is near the CSX Jacksonville Service Center. According to city records, the factory is on two parcels totaling 23.98 acres. There are multiple buildings totaling more than 600,000 square feet. The oldest building was constructed in 1927.
Phoenix Investors of Milwaukee, Wisconsin, bought the facility through Phoenix Jacksonville Industrial Investors LLC on July 16 for $20 million. The seller was Anchor Glass Container Corp. of Tampa.
Phoenix said the facility features 26 docks, heavy-duty power support and clear heights up to 32 feet. It said the site could easily be leased to multiple industrial users.
“Zoned for heavy industrial use and served by a dual rail spur via Norfolk Southern, the site is ideal for manufacturing, logistics, or e-commerce fulfillment. Its proximity to I-95, I-10, and Jacksonville International Airport make it a highly efficient hub for regional and national operations.”
Phoenix said planned upgrades include selective demolition, a new roof, fire suppression enhancements, interior and exterior painting, new dock equipment and site work improvements.
“These enhancements are designed to elevate the building’s functionality, improve aesthetics, and accelerate lease-up to high-quality users,” it said in a news release.
“This is the ninth former glass plant we’ve acquired in the nation, and we’ve consistently proven our ability to redevelop these sites into modern industrial assets,” Anthony Crivello, executive vice president and managing director at Phoenix, said in the release.
“The acquisition fits our national strategy to repurpose legacy facilities and create value for tenants. We see strong potential here to support Jacksonville’s growth and the surrounding region.”
Phoenix Investors says it is “the leading expert in the acquisition, renovation, and release of former manufacturing facilities in the U.S.”
It said its affiliate companies hold equity interests in a portfolio of industrial properties totaling about 83 million square feet in 27 states,
Anchor Glass Container Corp. announced in November 2024 it was closing the plant, with 144 workers losing their jobs. It said the plant would be shut down by February 2025.