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FORMER LOWE’S STORE ON MILWAUKEE’S NORTH SIDE REZONED FOR POSSIBLE DISTRIBUTION CENTER

As reported in jsonline.com written by Tom Daykin A proposal to rezone the former Lowe's store on Milwaukee's north side to become a distribution center was approved Monday by the Plan Commission. The commission voted to amend the city's land use plan, which covers the neighborhood that includes the building, 5800 W. Hope Ave. It also approved site and building changes for the property and an exemption from performance standards for Midtown Center, the shopping center where the building is located. Those actions —...

LOCAL MANUFACTURER EYEING MIDTOWN CENTER FOR DISTRIBUTION CENTER

As reported in biztimes.com written by Corrinne Hess After being vacant for nearly seven years, the former Lowe’s building near Milwaukee’s Midtown Center could soon have a tenant. Milwaukee-based Phoenix Investors LLC has asked the city to allow for an indoor wholesale and distribution facility as a permitted use within the building at 5800 W. Hope Ave. Frank Crivello, executive vice president of Phoenix Investors, said the company is very close to announcing a tenant for the building. Crivello would not say who the...

AFFILIATES OF PHOENIX INVESTORS ACQUIRE EIGHT INDUSTRIAL PROPERTIES IN KENTUCKY

As reported in prnewswire.com MILWAUKEE, April 11, 2018 /PRNewswire/ -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired from affiliates of Pope Companies eight industrial properties totaling 831,000 square-feet for $9,250,000 located throughout Kentucky in the cities of Morehead, Carrollton, Danville, Maysville and Mount Sterling. Built from 1989 through 2004, the subject assets are well maintained steel and masonry buildings, featuring generous clear heights and ample docks. These properties are well located...

AFFILIATES OF PHOENIX INVESTORS ACQUIRES INDUSTRIAL PROPERTIES IN CONNECTICUT, OHIO AND NEW YORK

As reported in areadevelopment.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, reported it acquired affiliates of Industrial Realty Group’s three industrial properties totaling 1,065,000 square-feet, for $12,800,000, located in Connecticut, Ohio and New York. According to company officials, 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 over twenty 20 tenants, having an in-place occupancy of 65%. Phoenix Investors said it...

PHOENIX INVESTORS ADD 2 MILLION SQUARE FEET TO PORTFOLIO IN APRIL

As reported in biztimes.com written by Corrinne Hess An affiliate of Phoenix Investors purchased three industrial properties totaling just over 1 million square feet for $12.8 million. The Milwaukee-based company purchased the properties, located in  Pawcatuck, Connecticut; Delaware, Ohio; and Poughkeepsie, New York from affiliates of Industrial Realty Group. The properties range from approximately 250,000 to 450,000 square feet. Occupancy is about 65 percent. Phoenix intends to renovate the properties and release. “We are pleased to acquire three functional industrial buildings that are poised...

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...