Articles

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 improvements. Together, the buildings ... Read More

2019-12-24T05:02:25+00:00August 8th, 2018|Articles, Press Releases|

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 be used ... Read More

2019-12-24T05:12:19+00:00August 3rd, 2018|Articles|

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 the time, Frank ... Read More

2019-12-24T05:12:59+00:00July 5th, 2018|Articles, Frank Crivello|