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.
Phoenix Investors held an inaugural event at the former Delphi East building in Flint, MI after making a $25 million investment in the purchase and rehabilitation of the property. Genesee Packaging is the anchor tenant at the facility while a portion of the building continues renovation. Several prospective tenants are interested in leasing portions of the warehouse; anticipated completion is slated for early 2020. “This space could be finished even sooner if we meet the right client,” said Phoenix's Senior Vice President of Acquisition and ... Read More
Community members in Flint, MI are being welcomed to hear Phoenix Investors' plans for the vacated Delphi East site. “We’re having a meeting tonight to educate the people, to get their input, their questions, and to see what their ideas are of how to use that property,” said Eastside Coalition Chairman Clarence Campbell. Read the full ABC12 story, by Mark Bullion.