Milwaukee

As reported on PR Newswire NORMAL, Ill., Dec. 8, 2020 -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it will build Phase Two of the North Normal Industrial Park consisting of a 500,000 square-foot addition on approximately 30 acres of land it owns located at 301 West Kerrick Road in Normal, Illinois. In June 2020, Phoenix acquired the partially completed Phase One consisting of 500,000 square feet in the North Normal Industrial Park. Phoenix will complete construction of Phase One in early 2021. ... Read More

As reported on WGLT.org Rivian has leased the Phoenix Investors warehouse in north Normal as part of its ramp-up to production. The company that will make electric vans, SUVs and trucks said it will use the 500,000-square-foot building as a logistical center for parts as the plant moves toward production in 2021. “We’re looking at probably 30-40 Rivian employees that will be on-site at this warehouse location. They will be sorting parts for the vehicle builds as they come in. There will be in the ... Read More

The costs associated with outsourcing manufacturing to China have been steadily climbing over the last decade. Wages for Chinese industrial workers have risen more than 2000 percent in the past 40 years. As a consequence, the cost of using a China-based contract manufacturer has climbed steadily as well. Coupled with the rising costs of international logistics, many U.S. companies have pursued reshoring as a cost-effective production option. The COVID-19 pandemic has accelerated the reshoring trend, with 69 percent of manufacturing and industrial respondents to an ... Read More