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Rivian Adds Warehouse Space In Normal; More Hiring Planned

As reported on WGLT.org Rivian has leased the Phoenix Investors warehouse in north Normal as part of its ramp-up to production. The company that will make electric vans, SUVs and trucks said it will use the 500,000-square-foot building as a logistical center for parts as the plant moves toward production in 2021. “We’re looking at probably 30-40 Rivian employees that will be on-site at this warehouse location. They will be sorting parts for the vehicle builds as they come in. There will be in the ... Read More

2020-12-09T15:15:19+00:00December 8th, 2020|Articles, Frank P. Crivello, Milwaukee|

Which Manufacturing Sectors Will Benefit Most From Reshoring?

The costs associated with outsourcing manufacturing to China have been steadily climbing over the last decade. Wages for Chinese industrial workers have risen more than 2000 percent in the past 40 years. As a consequence, the cost of using a China-based contract manufacturer has climbed steadily as well. Coupled with the rising costs of international logistics, many U.S. companies have pursued reshoring as a cost-effective production option. The COVID-19 pandemic has accelerated the reshoring trend, with 69 percent of manufacturing and industrial respondents to an ... Read More

2020-11-30T23:17:37+00:00November 30th, 2020|Articles, Frank P. Crivello, Milwaukee|

Phoenix Investors Buys Former Plants in Texas, Virginia

As reported on Commercial Property Executive Phoenix Investors made back-to-back industrial investments this week announcing the acquisitions of a former Texas tire factory and Virginia printing plant. The deals come one month after the Milwaukee, Wis.-based commercial real estate firm purchased three properties in Tennessee and continues a very active investment period. The larger of the two acquisitions this week occurred in Brownsville, Texas, where an affiliate of Phoenix Investors acquired the former Titan International Inc. plant at 6700 Paredes Line Road. Originally built in 1997, the ... Read More

2020-11-25T22:27:20+00:00November 25th, 2020|Articles, Frank P. Crivello, Milwaukee|
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