Articles

Done Deal: Sears sells huge North Highland warehouse to Milwaukee-based firm

As reported in the Milwaukee Business Journal A Sears subsidiary just sold a vacant, 1.4 million-square-foot facility on North Highland Street to Milwaukee-based Phoenix Investors. Sears built most of the facility — massive, for its day — in 1973, at 3456 Meyers Road, at the corner of Highland in Memphis' Douglass neighborhood. It sold the building and 39 acres of nearby land to Phoenix Investors for $8.2 million. The nearby land — home to a parking lot and a detention pond — was part of a separate ... Read More

2020-01-08T16:33:23+00:00January 8th, 2020|Articles, Kurt Jensen|

PHOENIX INVESTORS CONCLUDES 2019 WITH ACQUISITION OF FORMER SEARS DISTRIBUTION CENTER

MILWAUKEE, WI (January 6, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 1,400,000 square-foot industrial facility located at 3456 Meyers Road in Memphis, Tennessee. The property is currently vacant and will be marketed to new users for lease. Originally built in 1973 with an addition in 1981, the facility is a Class B former distribution center for Sears. The property has clear ceiling heights ranging from 24 feet to ... Read More

2020-01-06T15:49:15+00:00January 6th, 2020|Articles, Frank Crivello, Kurt Jensen, Press Releases|

PHOENIX INVESTORS OF MILWAUKEE BUYS FORMER AMAZON.COM CENTER IN KANSAS

As reported on the Milwaukee Business Journal Milwaukee real estate firm Phoenix Investors added a former Amazon.com Inc. warehouse in Kansas to its growing national portfolio of industrial buildings. Beyond buying the 880,000-square-foot industrial facility that Amazon.com vacated in 2015, Phoenix Investors has lined up a new company to move in. Array Technologies of Albuquerque, New Mexico, will lease the entire Coffeyville building to distribute its equipment that tracks sunlight to orient solar cells. Phoenix Investors now holds about 29 million square feet of buildings, ... Read More

2019-12-30T20:25:39+00:00December 30th, 2019|Amazon, Articles, Coffeyville|