Investment firm out of Milwaukee purchases Husqvarna property

On Wednesday, Phoenix Investors LLC, based in Milwaukee, announced the acquisition of Husqvarna’s facilities in Nashville by one of its affiliates. The real estate investment firm’s purchase includes three manufacturing sites and a solar farm, totaling 815,000 square feet, as detailed in a press release.
The financial details of the transaction remain undisclosed, and as of Wednesday morning, the sale had not been recorded on the Howard County property records website.

This acquisition occurs one year after Husqvarna’s announcement to close these facilities, aiming to consolidate operations and minimize its carbon footprint. The company, known for producing outdoor power equipment such as chainsaws, trimmers, cultivators, and mowers, intends to cease operations in Nashville by the end of 2024, impacting approximately 700 jobs and additional roles in local businesses supplying parts and labor to Husqvarna.

Nashville’s Mayor, Larry Dunaway, expressed the city’s intent to collaborate with Phoenix in securing a new occupant for the premises. The company is set to initiate a capital improvement strategy to draw premium industrial tenants to the region.

Mayor Dunaway is optimistic about future prospects, stating, “The City of Nashville is dedicated to fostering new industry and employment opportunities in our community.”

Andreas Rangert, President of Husqvarna North America’s Forest & Garden Division, commented on the partnership with Phoenix Investors, a firm committed to revitalizing manufacturing sites. He conveyed confidence in Phoenix’s ability to stimulate growth and bring new prospects to Nashville, Arkansas, and its residents.

Phoenix Investors holds a diverse portfolio of industrial properties, encompassing roughly 78 million square feet across 29 states. The company’s objective is to provide cost-effective, nationwide solutions to meet the leasing requirements of various corporations.

Vanessa Weeks, the director of Howard County Economic Development, extended a warm welcome to Phoenix in Nashville.

“Their acquisition of the Husqvarna facility signifies the addition of a robust partner as we persistently market and attract industries to our community,” she stated. “I am eager to collaborate with them in the forthcoming weeks.”