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New details on future of old auto supplier site

As reported on wnem.com:   By Brianna Owczarzak FLINT, MI (WNEM) - An old reminder of one city's past is making way for its brighter future. A massive complex once home to an auto parts supplier could be welcoming a brand new tenant and revitalizing an area looking for a big boost. Phoenix Investors are coming to Flint. "The Center Street property will be renovated over the next year. We want to attract a high quality distribution type tenant or a manufacturing type tenant," said...

Phoenix Investors to pump 12 million dollars into former Delphi Flint East plant to attract new tenant

As reported on abc12.com: By Amy Hybels WATCH: Phoenix Investors to pump 12 million dollars into former Delphi Flint East plant to attract new tenant FLINT, Michigan (WJRT) - (10/16/2017) - "We've learned and proven that if we fix it, they will come," said Frank Crivello, Chairman and Founder of Phoenix Investors. New owners have paid more than 3-million dollars for the former Delphi Flint east property. Phoenix Investors says it's in talks with possible tenants for the site-- But until then they plan...

Residents invited to hear future plans for former Delphi East site

As reported on abc12.com: By Mark Bullion   FLINT (WJRT) - (10/16/17) - Community members are being invited to hear future plans for the former Delphi East site in Flint. The property, which has been vacant since 2013, was recently sold to Wisconsin based Phoenix Investors for $3.15 million, according to a press release. "It will be great to have that eyesore cleaned up and become something useful," said Eastside Coalition Chairman Clarence Campbell. No official plans have been made public as to what will be done...

Huntsville plant acquired for $5.1M

As reported on bizjournal.com:   Hanno van der Bijl A commercial real estate firm based in Milwaukee is expanding into the Yellowhammer state. Phoenix Investors has acquired the former Chesebrough-Pond's industrial plant in Huntsville for $5.1 million. The 359,000-square-foot building is located at 1000 James Record Road. “Phoenix Investors is proud to expand across 22 states in our portfolio after this acquisition in Alabama,” said Senior Vice President of Acquisition and Leasing for Phoenix Investors Kurt Jensen. “We look forward to continuing the...

Maytag Dairy Farms, Phoenix Investors honored by NDC

As reported on newtondailynews.com:  Jamee A. Pierson Jo Jenkins, chair of the NDC Board, welcomed the more than 75 business leaders in attendance and spoke about how NDC and those involved with the organization work to promote the community and expand the business portfolio of Newton. “You are here because you love this community and it show over and over,” Jenkins said. “Some of you in this room are very visible to what you are doing out and about to help grow...

Wisconsin company makes second multi million-dollar Flint property purchase

As reported on mlive.com: By Dominic Adams FLINT, MI - A Wisconsin based real-estate firm has purchased its second commercial building in Flint in the last two weeks. An affiliate of Phoenix Investors has bought a 460,000-square-foot building next to Bishop Airport where Android Industries is currently located, the company said. The building at 4444 W. Maple Ave., was purchased for $19.5 million and the sale was closed on Thursday, Oct. 12, according to Phoenix Spokesman Buddy Julius. "It's an area that we think that...

Phoenix Investors Expands MI Portfolio With 550 KSF Buy

As reported on cpexecutive.com: By Evelyn Jozsa The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants. An affiliate of Phoenix Investors has acquired Delphi Flint East, a former assembly plant in Flint, Mich. The property, totaling more than 550,000 square feet, changed hands for $3.2 million. River Valley Bank provided the senior mortgage financing and Paul Hoge of Signature & Associates brokered the transaction. The...

New Delphi Flint site owner in talks with multiple possible tenants

As reported on mlive.com: Flint News By Dominic Adams Buddy Julius, spokesman for Phoenix Investors, said his company has been in talks with multiple potential tenants. However, Julius declined to disclose what businesses his company was in discussions with or potential future uses for the site. He also declined to outline any potential time frame for finding a tenant for the facility. "We love that location," he said. "We think tenants are going to, too." The property, near Dort Highway and Robert T. Longway...

Delphi Flint East, former AC Spark Plug building bought for $3.15 million

As reported by Crowdz: FLINT, MI – A shuttered automotive plant may see new life after a Wisconsin-based commercial real estate firm purchased the former Delphi Flint East industrial plant. The 550,000-square-foot building on the property near Dort Highway and Robert T. Longway Boulevard was bought by an affiliate of Phoenix Investors, according to a statement from the company on Monday, Oct. 2. Phoenix Investors paid $3.15 million for the property, the statement said. The release from the company did not specify what,...

Phoenix Investors buys two more large industrial buildings

As reported on bizjournals.com: Sean Ryan, Reporter Phoenix Investors added another 1 million square feet to its growing portfolio of industrial building. The Milwaukee-based company on Wednesday announced the $25.8 million purchase of buildings in Jefferson and Beloit that are nearly fully leased. The company now holds about 17 million square feet of properties in 22 states, and has grown rapidly after the recession under a core strategy of buying and rehabbing empty or underused industrial buildings. "These acquisitions represent our entry...