Attracting new business to the old Maytag factory

As reported on  written by Roni LeForge HERRIN, Ill. — It’s been twelve years since the former Maytag factory closed, eliminating nearly a thousand jobs in Herrin. Now, city officials are looking forward to new businesses moving into the old factory that has since been renovated. The north side of the old Maytag factory has been demolished and crews are cleaning up. “Phoenix Investors felt as though it was more economically viable for them to go ahead and demolish that section of the plant ... Read More

2021-06-07T22:11:27+00:00September 5th, 2018|Articles, Frank P. Crivello|

Phoenix Investors Acquires 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

2020-05-05T00:18:09+00:00August 8th, 2018|Articles, Press Releases|

Sellers Absorbent Raising $2.2 Million in Debt

As reported on 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

2020-05-07T18:45:51+00:00August 3rd, 2018|Articles, Frank Crivello, Frank P. Crivello, Milwaukee|
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