Articles

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...

FORMER QUAD/GRAPHICS PLANTS SOLD TO MILWAUKEE’S PHOENIX INVESTORS

As reported in bizjournals.com written by Sean Ryan Two former Quad/Graphics Inc. industrial facilities in Illinois and Tennessee sold to Milwaukee-based Phoenix Investors. An affiliate of the Milwaukee real estate investor bought the two buildings for $13.5 million from Industrial Realty Group. The two buildings have about 1.1 million square feet combined and were formerly occupied by Sussex printing company Quad/Graphics (NYSE: QUAD).  “Both buildings have good bones and feature high clear ceiling heights,” said Anthony Crivello, Phoenix executive vice president. “We intend...

PHOENIX INVESTORS ACQUIRES TWO ADDITIONAL PROPERTIES FROM INDUSTRIAL REALTY GROUP

As reported in prnewswire.com MILWAUKEE, May 8, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced they acquired from affiliates of Industrial Realty Group ("IRG") two industrial properties totaling approximately 1,100,000 square feet in Covington, Tennessee and Mount Morris, Illinois for $13,500,000. "Over the last three years we have acquired eight industrial properties across the United States from IRG resulting in win-win outcomes for both companies," said Frank Crivello, Phoenix's Founder and...

PAWCATUCK REVITALIZATION TAKES TWO MORE STEPS FORWARD

As reported in theday.com written by Joe Wojtas Stonington -- Last week was a good one for the long hoped for revitalization of downtown Pawcatuck. First, Jim Lathrop, the owner of Best Energy, began renovating the blighted building next to his businesses at the corner of Mechanic and West Broad streets that’s been partially occupied since 1982. The building is at a very visible location for those driving into the downtown. Second, the town got word that a Milwaukee firm, that has experience in...

FORMER LOWE’S STORE ON MILWAUKEE’S NORTH SIDE REZONED FOR POSSIBLE DISTRIBUTION CENTER

As reported in jsonline.com written by Tom Daykin A proposal to rezone the former Lowe's store on Milwaukee's north side to become a distribution center was approved Monday by the Plan Commission. The commission voted to amend the city's land use plan, which covers the neighborhood that includes the building, 5800 W. Hope Ave. It also approved site and building changes for the property and an exemption from performance standards for Midtown Center, the shopping center where the building is located. Those actions —...

LOCAL MANUFACTURER EYEING MIDTOWN CENTER FOR DISTRIBUTION CENTER

As reported in biztimes.com written by Corrinne Hess After being vacant for nearly seven years, the former Lowe’s building near Milwaukee’s Midtown Center could soon have a tenant. Milwaukee-based Phoenix Investors LLC has asked the city to allow for an indoor wholesale and distribution facility as a permitted use within the building at 5800 W. Hope Ave. Frank Crivello, executive vice president of Phoenix Investors, said the company is very close to announcing a tenant for the building. Crivello would not say who the...

AFFILIATES OF PHOENIX INVESTORS ACQUIRE EIGHT INDUSTRIAL PROPERTIES IN KENTUCKY

As reported in prnewswire.com MILWAUKEE, April 11, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from affiliates of Pope Companies eight industrial properties totaling 831,000 square-feet for $9,250,000 located throughout Kentucky in the cities of Morehead, Carrollton, Danville, Maysville and Mount Sterling. Built from 1989 through 2004, the subject assets are well maintained steel and masonry buildings, featuring generous clear heights and ample docks. These properties are well located...