As reported by Journal Gazette & Times-Courier MATTOON — The shuttered LSC Communications Printing Co. plant in Mattoon has been purchased by a national commercial real estate firm that specializes in revitalizing former manufacturing facilities. Affiliates of Phoenix Investors, headquartered in Milwaukee, Wisconsin, on Tuesday announced the year-end acquisitions of the former LSC plant along north U.S. Route 45 and three other industrial properties elsewhere in the United States. The new owner reported that the Mattoon property comprises approximately 1.1 million square feet of improvements on 84 acres. Phoenix ... Read More

As published by Business Insider MILWAUKEE, Wis., Jan. 5, 2021 -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced four (4) year-end acquisitions totaling approximately 2,400,000 square feet. In total, Phoenix acquired 9.5 million square feet of industrial real estate across nine (9) states in 2020, increasing its portfolio to a size in excess of 37 million square feet. Mattoon, Illinois: Phoenix acquired LSC Communications Printing Company, Inc.'s former plant located at 6821-1000 North in Mattoon, ... Read More

As reported in The Pantagraph NORMAL — Council members clashed Monday night over a decision to approve the final plat of a roughly 65 acre industrial park in north Normal. The council conditionally approved by a 6-1 vote the final plat of the Phoenix Industrial Subdivision in the former Wildwood Industries property following a heated discussion. Councilman Stan Nord was the only no vote. "What we have here is a success story of economic development," Councilman Kevin McCarthy said Monday. "I think its fantastic to get outside investors coming ... Read More