Projects

Whirlpool sells two shuttered plants

As reported in the Herald Palladium: BENTON HARBOR — A Wisconsin investment group bought two dormant plants from Whirlpool Corp. The Milwaukee-based firm, known as Phoenix Investors LLC, closed on the two-property deal last week. It includes plants in Fort Smith, Ark., and Cleveland, Tenn. Terms of the deal were not released. “We outgrew our former manufacturing site in Cleveland a few years back and built a state-of-the-art facility just a few miles away,” Jeff Noel, vice president of communications and public affairs, said in ... Read More

2019-10-31T08:49:17+00:00February 23rd, 2017|David Marks, Frank Crivello, Projects|

Phoenix Investors Acquire Whirlpool Corporation Property in Fort Smith, Arkansas

As reported in PR Newswire: Whirlpool Corporation announces the sale of its remaining manufacturing building and surrounding land in Fort Smith Arkansas to an affiliate of Milwaukee-based Phoenix Investors. It will be the first Arkansas project for the real estate group and will include a complete renovation of the former Whirlpool Complex suitable for use by warehousing, industrial or manufacturing companies. Phoenix Investors’ portfolio totals approximately 17 million square feet across 22 states. Over the last three years Phoenix Investors has acquired six former Whirlpool ... Read More

2019-10-31T08:50:21+00:00February 22nd, 2017|Projects|

PRIVATE MILWAUKEE GROUP BUYS SEVERAL WHR PROPERTIES

As reported in Moody on the Market: A prolific private real estate company based in Wisconsin has purchased sizable buildings and land in two states from Whirlpool Corporation with plans to renovate and place them back onto the open market going forward. Phoenix Investors of Milwaukee, whose portfolio totals approximately 17-million square feet across 22 states, has purchased Whirlpool’s last remaining manufacturing building and surrounding land in Fort Smith, Arkansas in one transaction and Whirlpool’s former manufacturing Plant Three property on Euclid Avenue in Cleveland, ... Read More

2019-10-31T08:50:32+00:00February 22nd, 2017|Articles, David Marks, Projects|