Acquisitions & Projects

Potential Buyer for Northridge Mall Adds Extra Security with Plans to Clean Up Property

Originally published by CBS 58. We're learning more about the real estate group interested in purchasing the former Northridge Mall site. Talks of turning the site over to the city for demolition were further delayed earlier this month, when Milwaukee-based Phoenix Investors signed a purchase agreement. A spokesperson with Phoenix Investors said the company has a history of restoring rundown buildings, and they see value in the 1 million sq. ft. Northridge Mall property. "They see the building, and the structure of this building, ... Read More

2024-08-02T19:16:52+00:00March 28th, 2023|Acquisitions & Projects, Blog, Phoenix Team|

Prolific 2022 Development Expands DeKalb County Tax Base, Grows Investments

As originally published by The Daily Chronicle. During the past three years, record investment has generated epic volumes of development in DeKalb County. From 1987-2019, the DeKalb County Economic Development Corporation’s public and private partnerships have contributed to attract $2 billion of investment in the development of 10.8 million square feet of industrial space for the area. During the past three years alone, DeKalb County attracted $1.9 billion of investment in the development of 7.1 million square feet of space. More than $830 million was ... Read More

2024-08-02T19:22:36+00:00February 1st, 2023|Acquisitions & Projects, Blog, Press|

New Distribution Warehouse Could Attract Rivian Suppliers

Originally published by Central Illinois Proud Wisconsin-based developer, Phoenix Investors, celebrated its renovation of warehouse space in North Normal Friday morning. Located at 301 West Kerrick Road, the space previously sat vacant for 10 years after previous developments fell through. Phoenix Investors acquired the space in 2020 and the now 1 million square feet space will provide distribution space and logistics support to companies that lease it. The $60 million investment into the six-and-a-half football field-long property will hope to attract more businesses to ... Read More

2024-08-02T19:30:40+00:00January 9th, 2023|Acquisitions & Projects, Blog, Phoenix Team, Press|
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