Phoenix Investors' acquisition in Illinois includes proposed completion of the 500,000-square-foot building in Normal. “Most notably, the nearby Rivian Plant is nearing completion, driving local industrial demand,” said Frank Crivello, Phoenix's Chairman & Founder. “In addition, within 50 miles there are a number of high-quality manufacturing and agribusiness companies that are growing and seeking industrial space.” Read the full article at Commercial Property Executive.
As reported in PR Newswire MILWAUKEE, WI (June 18, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 500,000 square-foot industrial facility on 65.6 acres of land located at 301 West Kerrick Road in Normal, Illinois. The development was started approximately twelve years ago by Wildwood Industries, Inc. Due to the failure of the original developer the property was never fully completed and has never been occupied. After several years ... Read More
An affiliate of Milwaukee's Phoenix Investors intends to purchase an industrial property formerly owned by Wildwood Industries in Normal, IL. The Town of Normal included the property in its tax increment financing district to increase appeal, though the facility has been virtually untouched since the Great Recession of 2008. Read the full article at WGLT.