As reported by NBC News: By JACOB SOBOROFF FORT SMITH, Arkansas — Jacob Soboroff takes a look at how Phoenix Investors is redeveloping the abandoned Whirlpool facility in Fort Smith, Arkansas, with the hopes of turning around the local economy....
As reported by NBC News: By JACOB SOBOROFF and AARNE HEIKKILA FORT SMITH, Arkansas — President Donald Trump promised a $1 trillion infrastructure investment over ten years that he said would rebuild American cities and create millions of new jobs. Here in Arkansas' second-largest city, where Trump won overwhelmingly in 2016, residents eagerly await details of a bill and see it as key to turning their fortunes around. Fort Smith holds a Gallup poll distinction most cities want desperately to avoid — its...
As reported by the Times Record: By Thomas Saccente / Times Record / tsaccente@swtimes.com The Milwaukee-based firm Phoenix Investors LLC held a groundbreaking ceremony at 6400 Jenny Lind Road in Fort Smith Thursday to celebrate the company’s purchase of the former Whirlpool manufacturing facility at that location. The building was formerly used to manufacture refrigerators and freezers. A joint news release from the Arkansas Economic Development Commission and the Fort Smith Regional Chamber of Commerce states Phoenix Investors will invest more than $10...
As reported by Talk Business & Politics: Officials with Phoenix Investors say the former Whirlpool manufacturing facility in Fort Smith is a “diamond in the rough” and they plan to spend $10 million in the next 6 to 9 months to open and brighten the inside with white paint and new lighting. Milwaukee, Wisc.-based Phoenix Investors – through Phoenix JCR Fort Smith Industrial Investors LLC – bought the 1.136 million square foot plant for $3.25 million. The transaction date was Feb. 15. The...
As reported by the Arkansas Economic Development Commission: Phoenix Investors LLC today joined local and state leaders to celebrate the company’s purchase of the former Whirlpool manufacturing facility in Fort Smith. The company will invest more than $10 million in the 1.5 million square foot facility, located on Jenny Lind Road, making it immediately marketable to companies seeking a new location. Phoenix Investors is a national commercial real estate firm based in Milwaukee, Wisconsin whose core business is the revitalization of former...
As reported in the Milwaukee Business Journal Phoenix Investors' downtown Milwaukee office has quite a list of features, ranging from a fully stocked bar to a full-time chef to a massage room for employees. Check out the attached slideshow to see photos of the office. The chef prepares free breakfast and lunch daily for the real estate firm's 55 employees in a full kitchen that was included in the buildout of the office space. Not only is it helpful that team members...
As reported on biztimes.com: An affiliate of Milwaukee-based Phoenix Investors has purchased an industrial complex in Sheboygan for $2.25 million. The property, which sits on 12.1 acres, is along the Sheboygan River at Commerce Street and Pennsylvania Avenue in Sheboygan, was purchased from an affiliate of Baird Capital. The properties, which total 208,000-square-feet, are leased to Safco Products Company, the parent company of Mayline Office Furniture. Safco and its predecessors have manufactured and sold the Mayline brand of office furniture products since 1939. “We...
Refurbishment of Maytag Plant 2 well underway by Phoenix Investors As reported in the Newton Daily News: Clean, usable, open space — that is what greeted the brokers viewing the former Maytag Plant 2 during an open house on Wednesday. Phoenix Investors, the commercial real estate firm which purchased the property for $6.7 million in 2015, hosted more than a dozen brokers whose clients have shown interest in leasing the newly refurbished building. Totaling more than 1.3 million square feet, the building, which hadn’t...
As reported on biztimes.com: BIZ TIMES — Hartland-based Town Bank plans to open a branch in a 4,000-square-foot retail space at 401 E. Kilbourn Ave. in downtown Milwaukee. Town Bank’s only existing branch in the City of Milwaukee, at 140 S. First St. in the Walker’s Point neighborhood. Phoenix 401, an affiliate of commercial real estate company Phoenix Investors LLC, said it has executed a long-term lease agreement with Town Bank for a retail branch in the space, to open this fall. Jay Mack,...
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...