Articles

Attracting new business to the old Maytag factory

As reported on wsiltv.com  written by Roni LeForge HERRIN, Ill. -- It's been twelve years since the former Maytag factory closed, eliminating nearly a thousand jobs in Herrin. Now, city officials are looking forward to new businesses moving into the old factory that has since been renovated. The north side of the old Maytag factory has been demolished and crews are cleaning up. "Phoenix Investors felt as though it was more economically viable for them to go ahead and demolish that section...

PHOENIX INVESTORS ACQUIRIES TWO INDUSTRIAL BUILDINGS IN CHESAPEAKE, VA

MILWAUKEE, WI (August 8, 2018) – An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired two (2) industrial buildings totaling approximately 334,000 square feet for $8,825,000 located at 2620 and 2626 Indian River Road in Chesapeake, Virginia. "The subject acquisition represents our entry into Norfolk's tight industrial market. With an overall market vacancy rate of 3.9% and limited quality inventory within proximity, these properties are well positioned for future value-add...

SELLARS ABSORBENT RAISING $2.2 MILLION IN DEBT

As reported on biztimes.com written by Molly Dill A company affiliated with Milwaukee-based Sellars Absorbent Materials Inc. is raising $2.2 million in debt, options and securities, according to a new SEC filing. The filing indicates Sellars Mezz Debt Investors LLC has so far raised $800,000 from two investors. The round began July 19. Tom Sellars, chairman and chief executive officer of Sellars Absorbent, said the company has expanded its financing with its banks, and the $2.2 million is part of that financing, to...

SELLARS ABSORBENT MATERIALS TO MOVE INTO MIDTOWN FORMER LOWE’S BUILDING

As reported on biztimes.com written by Arthur Thomas Milwaukee-based Sellars Absorbent Materials Inc. will lease the former Lowe’s store building in the Midtown Center on Milwaukee’s northwest side, Phoenix Investors, the building’s owner, announced Monday. The 134,000-square-foot building at 5800 W. Hope Ave. has been vacant since the Lowe’s store closed in 2009. Phoenix bought the property in 2016 for $1.5 million. In April, Phoenix sought approval to allow an indoor wholesale and distribution facility as a permitted use in the building. At...

FORMER LOWE’S IN MIDTOWN CENTER ATTRACTS SUSTAINABLE COMPANY

As reported on businessinsider.com MILWAUKEE, July 2, 2018 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it signed a lease for approximately 134,000 square feet with Sellars Absorbent Materials, Inc. ("Sellars") in the former Lowe's Home Improvement store located at 5800 W. Hope Avenue in Milwaukee, Wisconsin ("Property"). The Property was built in 2004 and has been vacant since Lowe's closed this location in 2009. Since the store closure, the building...

‘HIGH-QUALITY PROSPECTS’ INTERESTED IN SPACE IN FORMER WHIRLPOOL PLANT

As reported in talkbusiness.net written by Michael Tilley Part of the more than $3.65 million in ongoing work by Phoenix Investors to further renovate the former Whirlpool manufacturing plant in Fort Smith could make way for a warehouse/distribution operation for Mars Petcare. But Phoenix officials are mum about new tenants. Milwaukee, Wisc.-based Phoenix Investors recently received two building permits totaling $3.655 million for roof repairs and inside demolition and renovation work on the building. The building is 1.136 million square feet and rests...

PHOENIX INVESTORS ACQUIRES PA MIXED-USE ASSET

As reported in cpexecutive.com written by IvyLee Rosario An affiliate of Phoenix Investors has acquired a 402,000-square-foot industrial and office building in Athens, Pa. This purchase marks Phoenix’s second acquisition in the state of Pennsylvania within six months. Located at 101 N. Main St., the property is the former Ingersoll Rand manufacturing plant. The facility will undergo extensive renovations to become a Class A modernized property. The interior of the plant is divisible for multi-tenant occupancy. Ingersoll Rand completed a series of significant upgrades on the office area.  “We...

INVESTORS PLAN TO RENOVATE MOUNT MORRIS PRINTING PLANT

As reported in saukvalley.com written by Vinde Wells MOUNT MORRIS – A long-shuttered printing plant has new owners, an investment firm that plans to renovate the site and lease it to new tenants. Phoenix Mt. Morris LLC, an affiliate of Milwaukee-based Phoenix Investors, bought the former Quad/Graphics printing plant May 4 for $200,000, according to Ogle County property transfer documents filed Monday. The 644,000-square-foot site at 404 S. Wesley Ave. was owned by Mt. Morris Business Park LLC (no connection to the village)...

VACANT LOWE’S TO BE DISTRIBUTION CENTER

As reported in urbanmilwaukee.com written by Jeramey Jannene A long-vacant Lowe’s home improvement store in Midtown Center will become a distribution center created by Milwaukee-based Phoenix Investors. Under plans revealed Monday afternoon, a proposed future tenant would employ up to 30 individuals in the large facility at 5800 W. Hope Ave. Phoenix declined to identify the prospective tenant, but said that operator would have a 10-year lease for the storage and delivery of finished goods. The 134,314-square-foot building was built in 2004...

PHOENIX INVESTORS BUYS 1.1 MILLION SQUARE FEET OF INDUSTRIAL

As reported in rejournals.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, acquired from affiliates of Industrial Realty Group two industrial properties totaling about 1.1 million square feet in Covington, Tennessee, and Mount Morris, Illinois, for $13.5 million. The Covington property is a former Quad Graphics facility located on U.S. Route 51 in Covington, about 45 miles northeast of Memphis. Built between 1987 and 1994, the Covington property is made up of 523,010 square feet...