As published in National Real Estate Investor The coronavirus pandemic resulted in unprecedented disruption to the global supply chain. Food suppliers couldn’t get product where it needed to be to reach consumers. Retailers and e-commerce businesses ran out of essential goods such as toilet paper at the first whisper of stay-at-home orders and couldn’t restock because primary suppliers were shuttered. American manufacturers couldn’t access raw materials and key components for the same reason. As stay-at-home orders began to expand, manufacturers found themselves temporarily closed. Distribution ... Read More
As reported in PR Newswire MILWAUKEE, June 22, 2020 -- Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced its acquisition of a portfolio of four industrial properties from LEDVANCE totaling approximately 1,600,000 square feet. These former LEDVANCE plants are located in Versailles, KY; Winchester, KY; St. Marys, PA; and Wellsboro, PA. LEDVANCE, https://www.ledvance.com, is one of the world's leaders in general lighting for lighting professionals as well as end users, offering a broad variety of LED luminaires, advanced LED lamps, intelligent Smart Home & ... Read More
Phoenix Investors' acquisition in Illinois includes proposed completion of the 500,000-square-foot building in Normal. “Most notably, the nearby Rivian Plant is nearing completion, driving local industrial demand,” said Frank Crivello, Phoenix's Chairman & Founder. “In addition, within 50 miles there are a number of high-quality manufacturing and agribusiness companies that are growing and seeking industrial space.” Read the full article at Commercial Property Executive.