Frank P. Crivello

Since 1991, Frank P. Crivello has served as the senior advisor to the Trusts and today is Chairman of Phoenix Investors. Given his extensive experience in all aspects of commercial real estate, Mr. Crivello provides strategic and operational input to the Trusts, Phoenix Investors, and affiliated companies.

Mr. Crivello began his real estate career in 1982 focusing his investments in multifamily, office, industrial and shopping center developments across the United States. In 1994, Mr. Crivello shifted his focus to the support of the Trusts. From 1994 to 2008, Mr. Crivello assisted Phoenix Investors in its execution of its then business model of acquiring net lease commercial real estate across the United States. Since 2009, Mr. Crivello has assisted Phoenix Investors in the shift of its core focus to the acquisition of industrial real estate throughout the country.

Mr. Crivello received a B.A., Magna Cum Laude, from Brown University and the London School of Economics, while completing a double major in Economics and Political Science. Mr. Crivello is a member of Phi Beta Kappa.

Outside of his business interests, Mr. Crivello invests his time, energy and financial support across a wide net of charitable projects and organizations.

Finding Industrial Real Estate in a Low-Capacity Environment

With capacity at historic lows and asking rents at a premium, locating usable real estate space can prove very challenging for industrial businesses. E-commerce fulfillment operations have dominated new industrial leasing over the past year, but they aren’t the only users of industrial real estate. Manufacturers, transportation providers, B2B distribution centers, data centers, and numerous other business types also need reliable access to industrial space to accommodate growth and modernize operations. Industrial properties have become difficult to find—but not impossible. If your business can’t wait ... Read More

If You Can’t Find Industrial Real Estate, Use Your 3PL

The industrial real estate shortage has become a critical challenge for e-tailers and retailers alike as e-commerce activity continues to hold at record levels. Online vendors need to locate inventory closer to their customers to reduce shipping costs and accommodate consumer demand for quick delivery, but warehouses and fulfillment centers around the United States have record low vacancy. When good properties do become available, they are asking for record high rents—especially in urban markets. Given these facts, keeping product close to customers is easier said ... Read More

What Does “Made in America” Mean for Industrial Real Estate?

Ongoing supply chain disruptions stemming from the COVID-19 pandemic have caused American companies to consider reshoring production and logistics assets to U.S. soil. The Biden administration has openly supported these initiatives in its 2022 budget by proposing $600 billion in funding to support U.S.-based manufacturing jobs. President Biden also established an official Made in America office by executive order in January 2021 to promote reshoring initiatives and encourage U.S. businesses to source domestically. While e-commerce continues to dominate the industrial real estate sector, onshoring efforts ... Read More

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