As reported on bizjournals.com: Sean Ryan, Reporter
Phoenix Investors added another 1 million square feet to its growing portfolio of industrial building. The Milwaukee-based company on Wednesday announced the $25.8 million purchase of buildings in Jefferson and Beloit that are nearly fully leased. The company now holds about 17 million square feet of properties in 22 states, and has grown rapidly after the recession under a core strategy of buying and rehabbing empty or underused industrial buildings.
“These acquisitions represent our entry into the Beloit and Jefferson industrial markets,” said Phoenix Investors executive vice president Anthony Crivello. “The tenant mix is an attractive addition to our portfolio. Both properties have opportunities for future value-add improvements.”