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An affiliate of Phoenix Investors has purchased a 1.5 million-square-foot industrial warehouse in Corsicana, Texas. Huntington National Bank issued a $32.6 million acquisition loan, public records reveal. Dart Interests sold the asset, CommercialEdge information shows.

K-Mart used the warehouse as its distribution center when it was first constructed, in 1981, but Home Depot later utilized it as a logistics hub. Although the property was fully leased at closing, some tenants are on track to vacate the premises starting this fall and going into early 2027.