A buyer has been found for the old Maytag plant in Galesburg.
Real estate firm Phoenix Investors purchased the 855,000 square foot facility on South Linwood and the 462,000 square foot space on Monmouth Boulevard.
The company purchases old industrial properties and rehabilitates them for new usage.
Ken Springer, President of the Knox County Partnership for Economic Development, said it is likely the facilities will be used for transportation, warehousing or logistics, although theoretically, the buildings could return to manufacturing usage, as well.
Nearly 900 people lost their jobs when the Maytag plant in Galesburg closed in 2004. The manufacturing jobs were moved to Mexico and Iowa.
Springer said he looks forward to working with Phoenix to bring new life to the old Maytag facilities.
“It’s been very difficult for us to show it to prospective clients over the past few years," he said. "Namely, because there’s no power to the building; there’s no skylights. As you can imagine, it’s very difficult to walk around there in the dark and make a good impression on clients.”
Phoenix also purchased the former BorgWarner plant in Decatur.