An out-of-state investment firm that plans to purchase a large industrial property in West Dayton says it can be renovated and attract new tenants after years of disuse.
Wisconsin-based Phoenix Investors proposes spending millions of dollars to rehab the former McCall’s printing site, 2333 McCall Street, near the DeSoto Bass housing project.
The massive building has sat empty since 2010 and has fallen into disrepair after neglect, vandalism and metal thefts.
Phoenix Investors is under contract to buy the property from the city, but can determine the sale during a 90-day due diligence period.
City commissioners authorized the sale Wednesday morning.
Company officials hope to revamp the building in six to nine months while simultaneously working to identify a new tenant.
“This is the type of product we focus on,” said Patrick Dedering, the vice president of acquisition and leasing for Phoenix.
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