Projects

Whirlpool sells 1.2 million square foot shuttered plant in Fort Smith to Phoenix Investors

As reported in Talk Business & Politics: Whirlpool Corp. has sold its 1.2 million square foot manufacturing plant in Fort Smith to Milwaukee, Wisc.-based Phoenix Investors. Whirlpool closed the refrigerator plant in June 2012, with most production being moved to Mexico. Terms of the deal were not disclosed. Phoenix’s plans for the facility include collaborating with other logistics and distribution enterprises to offer a centrally located hub for several companies, according to a statement from the Fort Smith Regional Chamber of Commerce. The...

Phoenix Investors Buys Former Whirlpool Plant in Fort Smith

As reported in Arkansas Business: The Fort Smith Regional Chamber of Commerce said Tuesday that Phoenix Investors LLC of Milwaukee had purchased the 1.5 million-SF former Whirlpool manufacturing facility on Jenny Lind Road in Fort Smith. The building has been for sale since the appliance manufacturer closed the plant in 2012. Another building in the complex previously sold. A purchase price was not disclosed. Phoenix Investors purchases single tenant manufacturing sites throughout the country, revitalizes them and markets them to potential occupants. Its portfolio...

Phoenix Investors buys massive Whirlpool building in Fort Smith

As reported in Times Record: A Milwaukee investment firm has purchased the former Whirlpool manufacturing facility on Jenny Lind Road in Fort Smith. Phoenix Investors in Milwaukee has finalized the purchase of the 1.5 million-square-foot building at 6400 Jenny Lind Road, according to an announcement by the Fort Smith Regional Chamber of Commerce. Other Whirlpool distribution buildings were previously purchased by Spartan Logistics and FFO Home. Phoenix's plans for the facility include "collaborating with other logistics and distribution enterprises to offer a centrally...

Company buys Fort Smith’s Whirlpool building, talks new jobs

As reported on 40/29 News: FORT SMITH, Ark. — The company Phoenix Investors has purchased the Whirlpool property in Fort Smith. [edgtf_blockquote text="We will bring quality companies and jobs back into the former Whirlpool complex," title_tag="h2" width="80"] Frank Crivello, Phoenix Investors Executive Vice President, said in a statement. "We already have a list of prospects." The Whirlpool plant employed 4,600 people before it closed. A release sent by Whirlpool says Phoenix Investors will completely renovate the complex to make it suitable for use by "warehousing, industrial...

Former Fort Smith Whirlpool Manufacturing Building Sold

As reported in 5 News Online: FORT SMITH (KFSM) -- Whirlpool Corporation announced its remaining manufacturing building in Fort Smith has been sold to Phoenix Investors. The building and the surrounding land has been sold to the Milwaukee-based company. This is the real-estate group's first venture in Arkansas. Phoenix will be restoring the property in an effort to bring business -- as well as jobs -- back to the former Whirlpool complex, said Frank Crivello, executive vice president of Phoenix Investors. "We already have...

Phoenix Investors purchases three properties for $29.3 million

As reported in the Milwaukee Business News: Increases its Wisconsin industrial real estate portfolio to 6 million square feet In the last week, Milwaukee-based Phoenix Investors LLC, has purchased three industrial buildings at a total cost of $29.3 million and has increased its industrial real estate portfolio to about 6 million square feet in Wisconsin. The company purchased Shur-Line’s two industrial buildings in St. Francis for $8.8 million in a sale-leaseback deal last week. The company, which makes paining products including brushes and...

Phoenix Investors approved to buy, rehab Dayton building

As reported in the Dayton Business Journal: The city of Dayton, Ohio, approved the sale of the 350,000-square-foot industrial building Wednesday morning to Milwaukee-based Phoenix Investors, and the sale could close in 90 days. City commissioners approved Wednesday morning the sale of 2333 McCall St. to an LLC affiliated with Milwaukee-based Phoenix Investors, for $300,000. It would be the first Ohio project for the real estate group, which plans to spend the next 6 to 9 months making significant repairs to the...

Developer looks to rehab big Dayton property

As reported in the Dayton Business Journal: The city of Dayton will consider selling a big piece of vacant industrial real estate to a developer who could be eyeing its rehabilitation. The city commission will decide Wednesday on an agreement to sell the vacant McCall building at 2333 McCall St. in the Westview Industrial Park. The 350,000-square-foot property has been vacant since 2010 and the city has been attempting to sell it since that time, city documents show. Milwaukee-based development group Phoenix Investors,...

Phoenix Investors purchases Kenosha industrial complex for $2 million

As reported in the Milwaukee BizTimes: Phoenix working with tenant Compass Minerals to improve, expand distribution at the site An affiliate of Milwaukee-based Phoenix Investors LLC has purchased a 281,000-square-foot industrial complex in Kenosha for $2 million. Phoenix Kenosha purchased the property, which is located on 13 acres at 3122 14th Ave., from Walnut and Vine Properties II LLC. The property is primarily leased to Overland Park, Kansas-based Compass Minerals America, which is using the site as a distribution center. Compass Minerals has more than...