David M. Marks

 

Since 1994, David M. Marks has served as the Trustee of the Irrevocable Children’s Trust, Irrevocable Children’s Trust No.2 and Phoenix Business Trust where he oversees all trust investments, with responsibilities that begin pre-acquisition and extend through ownership and disposition. Mr. Marks has played a key role in all acquisitions and management of the Trusts’ portfolio of commercial real estate and operating companies and acts as key officer, director or manager for the Trusts’ operating subsidiaries.

Mr. Marks began his real estate career in the late 1980s while still an undergraduate, completing acquisition underwriting, portfolio analysis and abstracting complex anchor tenant leases on a national basis. In the early 1990s, Mr. Marks worked on national acquisitions, underwritings and financings, highlighted by assisting in the creation Wall Street’s first single-tenant, retail property-backed securitized financing, a CMBS transaction secured by a national portfolio of 43 Kmart retail and warehouse stores.

Mr. Marks has led or participated in real estate acquisitions, refinancings and dispositions ranging in size from single asset transactions under $1 million to portfolio transactions in excess of $170 million.

Mr. Marks and his wife Rachael are active supporters of various charitable organizations, with a specific focus on Jewish charities in Southeastern Wisconsin.

Mr. Marks received a B.S. in economics from the University of Wisconsin.

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

2021-06-07T21:05:34+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|

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

MILWAUKEE’S PHOENIX INVESTORS BUYS WAUWATOSA J.C. PENNEY WAREHOUSE FOR $31 MILLION

As reported in jsonline.com By Joe Taschler An affiliate of Phoenix Investors, a national private commercial real estate firm based in Milwaukee, said Tuesday that it has acquired the massive J.C. Penney logistics warehouse and furniture outlet at I-41 and W. Burleigh St. in Wauwatosa. Phoenix plans to renovate the complex and says it already has more than a dozen companies interested in moving into the complex. The purchase price was $31.25 million for the 2 million-square-foot property located on more than 77 acres at 18000 W. Burleigh ... Read More

2019-12-24T06:22:58+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|
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