Sears Sells North Highland Warehouse to MKE-Based Firm

As reported in the Milwaukee Business Journal A Sears subsidiary just sold a vacant, 1.4 million-square-foot facility on North Highland Street to Milwaukee-based Phoenix Investors. Sears built most of the facility — massive, for its day — in 1973, at 3456 Meyers Road, at the corner of Highland in Memphis' Douglass neighborhood. It sold the building and 39 acres of nearby land to Phoenix Investors for $8.2 million. The nearby land — home to a parking lot and a detention pond — was part of a separate ... Read More

2020-05-06T15:09:15+00:00January 8th, 2020|Articles, Done Deals, Frank P. Crivello, Kurt Jensen, Milwaukee, Projects|
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Phoenix Investors Concludes 2019 with Acquisition of Sears Distribution Center

MILWAUKEE, WI (January 6, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 1,400,000 square-foot industrial facility located at 3456 Meyers Road in Memphis, Tennessee. The property is currently vacant and will be marketed to new users for lease. Originally built in 1973 with an addition in 1981, the facility is a Class B former distribution center for Sears. The property has clear ceiling heights ranging from 24 feet to ... Read More

2020-08-04T18:25:35+00:00January 6th, 2020|Articles, Frank Crivello, Frank P. Crivello, Kurt Jensen, Milwaukee, Press Releases|
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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 Chairman. “These properties ... Read More

2019-12-24T05:14:21+00:00May 8th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|
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