Articles

COVID-19’s Impact on Industrial Real Estate

As published in National Real Estate Investor The coronavirus pandemic resulted in unprecedented disruption to the global supply chain. Food suppliers couldn’t get product where it needed to be to reach consumers. Retailers and e-commerce businesses ran out of essential goods such as toilet paper at the first whisper of stay-at-home orders and couldn’t restock because primary suppliers were shuttered. American manufacturers couldn’t access raw materials and key components for the same reason. As stay-at-home orders began to expand, manufacturers found themselves temporarily closed. Distribution ... Read More

2020-06-24T15:05:49+00:00June 24th, 2020|Articles, Frank P. Crivello, Milwaukee|

Phoenix Investors Acquires Industrial Portfolio From LEDVANCE

As reported in PR Newswire MILWAUKEE, June 22, 2020 -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced its acquisition of a portfolio of four industrial properties from LEDVANCE totaling approximately 1,600,000 square feet. These former LEDVANCE plants are located in Versailles, KY; Winchester, KY; St. Marys, PA; and Wellsboro, PA. LEDVANCE, https://www.ledvance.com, is one of the world's leaders in general lighting for lighting professionals as well as end users, offering a broad variety of LED luminaires, advanced LED lamps, intelligent Smart Home & ... Read More

2020-06-29T19:06:31+00:00June 22nd, 2020|Articles, Frank P. Crivello, Milwaukee, Press Releases|

Phoenix Investors Brings 500K SF Industrial Project Back to Normal

As reported in Commercial Property Executive With its latest acquisition, Phoenix Investors will bring life to a long-dormant industrial project in Central Illinois. An affiliate of the company has just acquired the partially developed distribution and manufacturing facility at 301 W. Kerrick Road in Normal, Ill., with plans of completing the 500,000-square-foot building at a total investment of $16 million. Phoenix is already in talks with five prospective tenants for 301 W. Kerrick, according to a Normal Town Council document dated June 1, 2020, and expects to lease ... Read More

2020-06-29T19:13:51+00:00June 19th, 2020|Articles, Frank P. Crivello, Milwaukee|