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AFFILIATES OF PHOENIX INVESTORS ACQUIRE THREE INDUSTRIAL PROPERTIES FROM INDUSTRIAL REALTY GROUP

As reported in prnewswire.com Companies purchase over 1 million square-feet in $12.80 million transaction MILWAUKEE, April 9, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from affiliates of Industrial Realty Group three industrial properties totaling 1,065,000 square-feet for $12,800,000 located in Pawcatuck, CT, Delaware, OH, and Poughkeepsie, NY. The subject properties range from approximately 250,000 to 450,000 square-feet, featuring high clear ceiling heights. The portfolio includes a diverse roster of...

MILWAUKEE’S PHOENIX INVESTORS BUYS WAUWATOSA J.C. PENNEY WAREHOUSE FOR $31 MILLION

As reported in jsonline.com By Joe Taschler An affiliate of Phoenix Investors, a national private commercial real estate firm based in Milwaukee, said Tuesday that it has acquired the massive J.C. Penney logistics warehouse and furniture outlet at I-41 and W. Burleigh St. in Wauwatosa. Phoenix plans to renovate the complex and says it already has more than a dozen companies interested in moving into the complex. The purchase price was $31.25 million for the 2 million-square-foot property located on more than 77 acres at...

J.C. PENNEY’S WAUWATOSA DISTRIBUTION CENTER SOLD FOR $31.3 MILLION

As reported in Biztimes.com By Corrinne Hess An affiliate of Milwaukee-based Phoenix Investors purchased the JCPenney Logistics Warehouse and Furniture Outlet Center in Wauwatosa for $31.25 million. The 2 million-square-foot building is located on 77 acres at 11800 W Burleigh St., just west of I-41. The property is assessed by Milwaukee County for $22.8 million. J.C. Penney Co. announced on Feb. 13 it would close the distribution center and call center beginning this summer and lay off a total of 670 employees. Phoenix Investment...

MASSIVE J.C. PENNEY WAUWATOSA BUILDING SELLS FOR $31 MILLION

As reported in bizjournals.com By Sean Ryan Milwaukee-based Phoenix Investors on Tuesday bought the Wauwatosa warehouse that J.C. Penney Co. will close this year for $31.25 million, and plans to renovate the more than 2 million-square-foot building. J.C. Penney in February announced plans to close its distribution center and call center on the west side of Interstate 41, laying off 670 employees. The company will move out over the next several months, and Phoenix Investors is laying plans to refill the building...

PHOENIX INVESTORS ACQUIRES JCPENNEY DISTRIBUTION CENTER IN WAUWATOSA, WISCONSIN

As reported in PR Newswire MILWAUKEE, March 13, 2018 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from JCPenney its Logistics Warehouse and Furniture Outlet Center totaling 2,022,825 square-feet and in excess of 77 acres for $31,250,000 located at 18000 West Burleigh Street, Wauwatosa, Wisconsin. The subject buildings are well located, situated adjacent to Interstate 45, feature generous clear heights and column spacing, are adjacent to rail, supported...

INVESTORS IN FORMER DELPHI PLANT SEED FLINT DEMOLITION WITH $50,000 DONATION

As reported in Flintside By Shelby Cox In a somewhat unusual combination of public and private sector collaboration a major economic development project targeting Flint’s eastside also has evolved into a major neighborhood cleanup. Demolition of the former Kirkwood Community mobile home park is set to be leveled by the Genesee County Land Bank with a grant from the Michigan State Housing Development Authority. It is one of six longtime community eyesores that recently have been cleaned up or will be within...

PHOENIX INVESTORS BUYS ALABAMA FACTORY PROPERTY FOR $5.1M

As reported in the Birmingham Business Journal By 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...

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...