David Marks

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.

AFFILIATES OF PHOENIX INVESTORS ACQUIRES INDUSTRIAL PROPERTIES IN CONNECTICUT, OHIO AND NEW YORK

As reported in areadevelopment.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, reported it acquired affiliates of Industrial Realty Group’s three industrial properties totaling 1,065,000 square-feet, for $12,800,000, located in Connecticut, Ohio and New York. According to company officials, the subject properties range from approximately 250,000 to 450,000 square-feet, featuring high clear ceiling heights. The portfolio includes a diverse roster of over twenty 20 tenants, having an in-place occupancy of 65%. Phoenix Investors said it is a national commercial ... Read More

2019-12-24T06:19:03+00:00April 10th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|

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

2020-05-06T01:17:52+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|

MASSIVE J.C. PENNEY WAUWATOSA BUILDING SELLS FOR $31 MILLION

As reported in bizjournals.com By Sean Ryan Milwaukee-based Phoenix Investors on Tuesday bought the Wauwatosa warehouse that J.C. Penney Co. will close this year for $31.25 million and plans to renovate the more than 2 million-square-foot building. J.C. Penney in February announced plans to close its distribution center and call center on the west side of Interstate 41, laying off 670 employees. The company will move out over the next several months, and Phoenix Investors is laying plans to refill the building by leasing it ... Read More

2020-05-06T15:02:46+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|