Affiliates of Phoenix Investors purchased the shuttered LSC plant in Mattoon, IL. The acquisition aligns with Phoenix's legacy of revitalizing former industrial properties and was also announced alongside three other acquisitions , brining their year-end acquisition totals to just under 9.5 million square feet. "We were pleased to work with LSC as it winds down and sells certain shuttered former print manufacturing plants across the United States," said Frank Crivello, Phoenix Investors' Chairman & Founder in a release. Read the full article by the Journal Gazette ... Read More
MILWAUKEE, Wis., Jan. 5, 2021 -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced four (4) year-end acquisitions totaling approximately 2,400,000 square feet. In total, Phoenix acquired 9.5 million square feet of industrial real estate across nine (9) states in 2020, increasing its portfolio to a size in excess of 37 million square feet. Mattoon, Illinois: Phoenix acquired LSC Communications Printing Company, Inc.'s former plant located at 6821-1000 North in Mattoon, Illinois. The property is comprised ... Read More
Phoenix Investors' plans for a recently purchased plot in Normal were the topic of discussion at a lively town council meeting. After acquiring the land from a previous owner who did not pay the required development fees, Phoenix proposed a nearly $16 million investment for renovation; the Milwaukee-based company predicted the renovation will create approximately 50 jobs. Read the full article in The Pantagraph.