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Phoenix Investors Acquires JCPenney Distribution Center in Wauwatosa, Wisconsin

As reported in PR Newswire MILWAUKEE, March 13, 2018 /PRNewswire/ — An affiliate of Phoenix Investors (“Phoenix“), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from JCPenney its Logistics Warehouse and Furniture Outlet Center totaling 2,022,825 square-feet and in excess of 77 acres for $31,250,000 located at 18000 West Burleigh Street, Wauwatosa, Wisconsin. The subject buildings are well located, situated adjacent to Interstate 45, feature generous clear heights and column spacing, are adjacent to rail, supported by heavy power ... Read More

Phoenix2024-08-06T20:14:21+00:00March 13th, 2018|Acquisitions & Projects, Blog, David Marks, Frank Crivello, Frank P. Crivello, Kurt Jensen, Press|

Wauwatosa J.C. Penney Building Sold For $31 Million

Phoenix Investors has purchased the Wauwatosa warehouse that J.C. Penney Co. will close later in 2018 for $31.25 million. and plans to renovate the more than 2 million-square-foot building. Phoenix Chairman and Founder Frank P. Crivello said, “As the largest owner of industrial warehouse and manufacturing space in Wisconsin, we are uniquely qualified to re-position these buildings in a manner that will result in a number of new high-quality companies occupying portions of the complex.” Read the full story, written by Sean Ryan for the ... Read More

Phoenix2024-08-06T20:15:01+00:00March 13th, 2018|Acquisitions & Projects, Blog, Frank Crivello, Frank P. Crivello, Press|

J.C. PENNEY’S WAUWATOSA DISTRIBUTION CENTER SOLD FOR $31.3 MILLION

As reported in Biztimes.com By Corrinne Hess An affiliate of Milwaukee-based Phoenix Investors purchased the JCPenney Logistics Warehouse and Furniture Outlet Center in Wauwatosa for $31.25 million. The 2 million-square-foot building is located on 77 acres at 11800 W Burleigh St., just west of I-41. The property is assessed by Milwaukee County for $22.8 million. J.C. Penney Co. announced on Feb. 13 it would close the distribution center and call center beginning this summer and lay off a total of 670 employees. Phoenix Investment plans ... Read More

Phoenix2024-08-06T20:17:18+00:00March 13th, 2018|Acquisitions & Projects, Blog, David Marks, Frank Crivello, Frank P. Crivello, Kurt Jensen, Press|