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Phoenix Investors

Wauwatosa J.C. Penney Building Sold For $31 Million

Phoenix Investors has purchased the Wauwatosa warehouse that J.C. Penney Co. will close later in 2018 for $31.25 million. and plans to renovate the more than 2 million-square-foot building. Phoenix Chairman and Founder Frank P. Crivello said, “As the largest owner of industrial warehouse and manufacturing space in Wisconsin, we are uniquely qualified to re-position these buildings in a manner that will result in a number of new high-quality companies occupying portions of the complex.” Read the full story, written by Sean Ryan for the ... Read More

2021-06-07T21:05:34+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|

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 plans ... Read More

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 18000 W. Burleigh ... Read More

2019-12-24T06:22:58+00:00March 13th, 2018|Articles, David Marks, Frank Crivello, JC Penney, Kurt Jensen|
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