MILWAUKEE, WI (August 8, 2018) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired two (2) industrial buildings totaling approximately 334,000 square feet for $8,825,000 located at 2620 and 2626 Indian River Road in Chesapeake, Virginia. “The subject acquisition represents our entry into Norfolk’s tight industrial market. With an overall market vacancy rate of 3.9% and limited quality inventory within proximity, these properties are well positioned for future value-add improvements. Together, the buildings ... Read More
As reported on biztimes.com written by Molly Dill A company affiliated with Milwaukee-based Sellars Absorbent Materials Inc. is raising $2.2 million in debt, options, and securities, according to a new SEC filing. The filing indicates Sellars Mezz Debt Investors LLC has so far raised $800,000 from two investors. The round began July 19. Tom Sellars, chairman, and chief executive officer of Sellars Absorbent, said the company has expanded its financing with its banks, and the $2.2 million is part of that financing, to be used ... Read More
Phoenix Investors has selected a tenant for its former Lowe's site in Milwaukee, WI: Milwaukee-based Sellars Absorbent Materials Inc. Phoenix has been patient since purchasing the property in 2016: “While we had a number of options to fill the former Lowe’s," Phoenix Chairman and Founder Frank P. Crivello said, "we held out for a high-quality tenant suitable for the growth and sustainability of the neighborhood." Read the full BizTimes story, by Arthur Thomas.