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

2020-06-29T19:15:52+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, Frank P. Crivello, JC Penney, Kurt Jensen, Milwaukee|
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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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INVESTORS IN FORMER DELPHI PLANT SEED FLINT DEMOLITION WITH $50,000 DONATION

As reported in Flintside By Shelby Cox In a somewhat unusual combination of public and private sector collaboration a major economic development project targeting Flint’s eastside also has evolved into a major neighborhood cleanup. Demolition of the former Kirkwood Community mobile home park is set to be leveled by the Genesee County Land Bank with a grant from the Michigan State Housing Development Authority. It is one of six longtime community eyesores that recently have been cleaned up or will be within the next few ... Read More

2019-12-24T06:23:06+00:00December 8th, 2017|Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen|
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