Milwaukee-based Phoenix Investors purchased a 1.4 million-square-foot facility from a Sear subsidiary. The acquisition is Phoenix's second in the Memphis area. Kurt Jensen, Phoenix's Senior Vice President of Acquisitions and Leasing said Phoenix has received "more national search inquiries for the Memphis market than any other MSA. The combination of geographic location, transportation infrastructure, and affordable market rents make it the ideal marketplace to serve tenants searching for distribution east of the Rockies," Jensen said. Read the full article in the Milwaukee Business Journal.
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
Tracy L. Schroeder recently joined the team as the Director of Governmental Affairs & Community Development, and with her skills, she will help cultivate business relationships that create mutually beneficial, long-lasting partnerships through a wide range of markets. Ms. Schroeder is responsible for cultivating business and political relationships throughout the country, as well as aligning funding opportunities for current and future projects. Prior to joining Phoenix Investors, Ms. Schroeder was a long-term commercial real estate executive with expertise in project management, operational organization, and development ... Read More