Kurt Jensen

VACANT LOWE’S TO BE DISTRIBUTION CENTER

As reported in urbanmilwaukee.com written by Jeramey Jannene A long-vacant Lowe’s home improvement store in Midtown Center will become a distribution center created by Milwaukee-based Phoenix Investors. Under plans revealed Monday afternoon, a proposed future tenant would employ up to 30 individuals in the large facility at 5800 W. Hope Ave. Phoenix declined to identify the prospective tenant, but said that operator would have a 10-year lease for the storage and delivery of finished goods. The 134,314-square-foot building was built in 2004...

PHOENIX INVESTORS BUYS 1.1 MILLION SQUARE FEET OF INDUSTRIAL

As reported in rejournals.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, acquired from affiliates of Industrial Realty Group two industrial properties totaling about 1.1 million square feet in Covington, Tennessee, and Mount Morris, Illinois, for $13.5 million. The Covington property is a former Quad Graphics facility located on U.S. Route 51 in Covington, about 45 miles northeast of Memphis. Built between 1987 and 1994, the Covington property is made up of 523,010 square feet...

FORMER QUAD/GRAPHICS PLANTS SOLD TO MILWAUKEE’S PHOENIX INVESTORS

As reported in bizjournals.com written by Sean Ryan Two former Quad/Graphics Inc. industrial facilities in Illinois and Tennessee sold to Milwaukee-based Phoenix Investors. An affiliate of the Milwaukee real estate investor bought the two buildings for $13.5 million from Industrial Realty Group. The two buildings have about 1.1 million square feet combined and were formerly occupied by Sussex printing company Quad/Graphics (NYSE: QUAD).  “Both buildings have good bones and feature high clear ceiling heights,” said Anthony Crivello, Phoenix executive vice president. “We intend...

PHOENIX INVESTORS ACQUIRES TWO ADDITIONAL PROPERTIES FROM INDUSTRIAL REALTY GROUP

As reported in prnewswire.com MILWAUKEE, May 8, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced they acquired from affiliates of Industrial Realty Group ("IRG") two industrial properties totaling approximately 1,100,000 square feet in Covington, Tennessee and Mount Morris, Illinois for $13,500,000. "Over the last three years we have acquired eight industrial properties across the United States from IRG resulting in win-win outcomes for both companies," said Frank Crivello, Phoenix's Founder and...

PAWCATUCK REVITALIZATION TAKES TWO MORE STEPS FORWARD

As reported in theday.com written by Joe Wojtas Stonington -- Last week was a good one for the long hoped for revitalization of downtown Pawcatuck. First, Jim Lathrop, the owner of Best Energy, began renovating the blighted building next to his businesses at the corner of Mechanic and West Broad streets that’s been partially occupied since 1982. The building is at a very visible location for those driving into the downtown. Second, the town got word that a Milwaukee firm, that has experience in...

FORMER LOWE’S STORE ON MILWAUKEE’S NORTH SIDE REZONED FOR POSSIBLE DISTRIBUTION CENTER

As reported in jsonline.com written by Tom Daykin A proposal to rezone the former Lowe's store on Milwaukee's north side to become a distribution center was approved Monday by the Plan Commission. The commission voted to amend the city's land use plan, which covers the neighborhood that includes the building, 5800 W. Hope Ave. It also approved site and building changes for the property and an exemption from performance standards for Midtown Center, the shopping center where the building is located. Those actions —...

LOCAL MANUFACTURER EYEING MIDTOWN CENTER FOR DISTRIBUTION CENTER

As reported in biztimes.com written by Corrinne Hess After being vacant for nearly seven years, the former Lowe’s building near Milwaukee’s Midtown Center could soon have a tenant. Milwaukee-based Phoenix Investors LLC has asked the city to allow for an indoor wholesale and distribution facility as a permitted use within the building at 5800 W. Hope Ave. Frank Crivello, executive vice president of Phoenix Investors, said the company is very close to announcing a tenant for the building. Crivello would not say who the...

AFFILIATES OF PHOENIX INVESTORS ACQUIRE EIGHT INDUSTRIAL PROPERTIES IN KENTUCKY

As reported in prnewswire.com MILWAUKEE, April 11, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from affiliates of Pope Companies eight industrial properties totaling 831,000 square-feet for $9,250,000 located throughout Kentucky in the cities of Morehead, Carrollton, Danville, Maysville and Mount Sterling. Built from 1989 through 2004, the subject assets are well maintained steel and masonry buildings, featuring generous clear heights and ample docks. These properties are well located...

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...

PHOENIX INVESTORS ADD 2 MILLION SQUARE FEET TO PORTFOLIO IN APRIL

As reported in biztimes.com written by Corrinne Hess An affiliate of Phoenix Investors purchased three industrial properties totaling just over 1 million square feet for $12.8 million. The Milwaukee-based company purchased the properties, located in  Pawcatuck, Connecticut; Delaware, Ohio; and Poughkeepsie, New York from affiliates of Industrial Realty Group. The properties range from approximately 250,000 to 450,000 square feet. Occupancy is about 65 percent. Phoenix intends to renovate the properties and release. “We are pleased to acquire three functional industrial buildings that are poised...