WATCH: Phoenix Investors to pump 12 million dollars into former Delphi Flint East plant to attract new tenant After paying more than $3 million to acquire the former Delphi Flint East property in Flint, MI, Phoenix Investors plans to invest another $12 million in the site to attract a tenant. “We’ve learned and proven that if we fix it, they will come,” said Frank Crivello, Chairman and Founder of Phoenix Investors. Read the full ABC12 story, by Amy Hybels.
As reported on wnem.com: By Brianna Owczarzak FLINT, MI (WNEM) – An old reminder of one city’s past is making way for its brighter future. A massive complex once home to an auto parts supplier could be welcoming a brand new tenant and revitalizing an area looking for a big boost. Phoenix Investors are coming to Flint. “The Center Street property will be renovated over the next year. We want to attract a high quality distribution type tenant or a manufacturing type tenant,” said ... Read More
With its acquisition of the former Chesbrough-Pond's plant in Huntsville, AL, Phoenix Investors has expanded its portfolio to 22 states. The deal for the 359,00-square-foot building reportedly totaled $5.1 million. “The proximity to the Huntsville International Airport and I-585 made this a long-term attractive asset for our portfolio,” said Phoenix Investors Chairman & Founder Frank P. Crivello. “We continue to deploy committed capital on our core industrial strategy and seek additional industrial value acquisitions in the Huntsville market and across Alabama.” Click here to read ... Read More