Articles

AFFILIATES OF PHOENIX INVESTORS ACQUIRES INDUSTRIAL PROPERTIES IN CONNECTICUT, OHIO AND NEW YORK

As reported in areadevelopment.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, reported it acquired affiliates of Industrial Realty Group’s three industrial properties totaling 1,065,000 square-feet, for $12,800,000, located in Connecticut, Ohio and New York. According to company officials, the subject properties range from approximately 250,000 to 450,000 square-feet, featuring high clear ceiling heights. The portfolio includes a diverse roster of over twenty 20 tenants, having an in-place occupancy of 65%. Phoenix Investors said it is a national commercial ... Read More

2019-12-24T06:19:03+00:00April 10th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|

PHOENIX INVESTORS ACQUIRES JCPENNEY DISTRIBUTION CENTER IN WAUWATOSA, WISCONSIN

As reported in PR Newswire MILWAUKEE, March 13, 2018 /PRNewswire/ — An affiliate of Phoenix Investors (“Phoenix“), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from JCPenney its Logistics Warehouse and Furniture Outlet Center totaling 2,022,825 square-feet and in excess of 77 acres for $31,250,000 located at 18000 West Burleigh Street, Wauwatosa, Wisconsin. The subject buildings are well located, situated adjacent to Interstate 45, feature generous clear heights and column spacing, are adjacent to rail, supported by heavy power ... Read More

2019-12-24T06:19:07+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|

MASSIVE J.C. PENNEY WAUWATOSA BUILDING SELLS FOR $31 MILLION

As reported in bizjournals.com By Sean Ryan Milwaukee-based Phoenix Investors on Tuesday bought the Wauwatosa warehouse that J.C. Penney Co. will close this year for $31.25 million, and plans to renovate the more than 2 million-square-foot building. J.C. Penney in February announced plans to close its distribution center and call center on the west side of Interstate 41, laying off 670 employees. The company will move out over the next several months, and Phoenix Investors is laying plans to refill the building by leasing it ... Read More

2019-12-24T06:19:10+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|