Report: Huntsville’s Technicolor Plant Sold for $39M

An affiliate of a Milwaukee commercial real estate firm bought the Technicolor facility on Moores Mill Road in Huntsville.

According to a report, Phoenix Investors purchased the nearly 1.4 million square foot campus for about $39 million.

“We entered the Huntsville industrial market with our purchase four years ago of the former Chesebrough-Pond’s manufacturing plant which we have successfully repositioned,” said David Marks, President & CEO of Phoenix. “We have identified Huntsville as a market poised for continued long-term growth and strong industrial demand.

“With limited modern big-box, high-bay space available in the marketplace, we expect a strong tenant response to this campus coming onto the marketplace for lease.”

The building formerly manufactured, packaged and distributed compact discs.

“The Technicolor Campus has been a focal point in Huntsville for years. Its location is highly desirable to industrial users and the real estate quality is first class,” said Frank Crivello, Phoenix’s chairman and founder.

“Technicolor will exit the properties in August,” said Anthony Crivello, executive vice president of Phoenix. “This week our formal marketing of the space will begin. These buildings are in excellent condition and are move-in ready.

“We already have received numerous inquiries from parties interested in leasing all or portions of the premises.”

Phoenix Investors is a national commercial real estate firm whose core business is the revitalization of former manufacturing facilities throughout the United States.