Articles

PHOENIX INVESTORS ACQUIRES FORMER BON-TON DISTRIBUTION CENTER IN ROCKFORD, IL

As reported on prnewswire.com MILWAUKEE, Feb. 4, 2019 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 517,000 square-foot former Bon-Ton distribution facility located at 4650 Shepherd Trail in Rockford, Illinois. With the subject acquisition, Phoenix's affiliates now own approximately 3,200,000 square feet in Illinois. Conveniently located between two full four-way interchanges with Interstate 90, the property features approximately 25,000 square feet of office space, clear ceiling...

PHOENIX INVESTORS HAS ANOTHER TENANT FOR FORMER TECUMSEH PLANT IN GRAFTON

As reported on bizjournals.com , Written by Sean Ryan  Increasing demand from clients who need help with shipping operations prompted Midwest Assembly, Warehouse and Distribution to seek space to lease from Phoenix Investors in Grafton. The West Bend company primarily provides third-party logistics services to other firms, and is looking to lease about 56,000 square feet in Grafton for those operations, said Tom Bichanich, Midwest Assembly operations manager. The long-term lease provides more space and would let the company consolidate operations...

PHOENIX INVESTORS BUYS TWO OUT OF STATE INDUSTRIAL PROPERTIES

As reported on biztimes.com , Written by Alex Zank  Affiliates of Milwaukee-based real estate investment firm Phoenix Investors recently acquired two out of state industrial complexes in transactions that totaled $10.7 million. To conclude 2018, Phoenix bought one property near Peoria, Illinois, for $8.1 million, and another near Jefferson City, Missouri, for $2.6 million. The company expanded its footprint to 24 states with the Jefferson City purchase. The Jefferson City property includes a roughly 276,180-square-foot industrial building on about 59 acres. It...

RESTAURANTS TEAM UP TO BRING FOOD, GIFTS TO LIFE NAVIGATORS

As reported on bizjournals.com , photography by Kenny Yoo  Members of the Milwaukee Kitchen Cabinet, a group of prominent area restaurants, recently served food and handed out gifts at Life Navigators in Wauwatosa as part of the group's “3 Days of Christmas." Check out the attached slideshow put together by Milwaukee Business Journal freelance photographer Kenny Yoo to see photos of the event. The event was part of the group's third annual “3 Days of Christmas,” during which Milwaukee-area restaurant operators,...

PHOENIX BROWN DEER, LLC SELLS FORMER WESTBURY BANK BRANCH TO THE VILLAGE OF BROWN DEER

As reported on businessinsider.com MILWAUKEE, Oct. 23, 2018 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced that it sold the former Westbury Bank building located at 4301 West Brown Deer Road to the Village of Brown Deer. The building will become the new home of the Brown Deer Public Library; as well, the Village acquired two additional parcels from Phoenix that are currently used for overflow parking. These parcels will...

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...