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Phoenix Investors Expands MI Portfolio With 550 KSF Buy

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello, Kurt Jensen, Projects
October 9, 2017

As reported on cpexecutive.com: By Evelyn Jozsa The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants. An affiliate of Phoenix Investors has acquired Delphi Flint East, a former assembly plant in Flint, Mich. The property, totaling more than 550,000 square feet, changed hands for $3.2 million. River Valley Bank provided the senior mortgage financing and Paul Hoge of Signature & Associates brokered the transaction. The...

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New Delphi Flint site owner in talks with multiple possible tenants

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Anthony Crivello, Articles, David Marks, Delphi, Flint, Frank Crivello
October 9, 2017

As reported on mlive.com: Flint News By Dominic Adams Buddy Julius, spokesman for Phoenix Investors, said his company has been in talks with multiple potential tenants. However, Julius declined to disclose what businesses his company was in discussions with or potential future uses for the site. He also declined to outline any potential time frame for finding a tenant for the facility. "We love that location," he said. "We think tenants are going to, too." The property, near Dort Highway and Robert T. Longway...

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Delphi Flint East, former AC Spark Plug building bought for $3.15 million

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Delphi, Flint, Kurt Jensen, Projects
October 9, 2017

As reported by Crowdz: FLINT, MI – A shuttered automotive plant may see new life after a Wisconsin-based commercial real estate firm purchased the former Delphi Flint East industrial plant. The 550,000-square-foot building on the property near Dort Highway and Robert T. Longway Boulevard was bought by an affiliate of Phoenix Investors, according to a statement from the company on Monday, Oct. 2. Phoenix Investors paid $3.15 million for the property, the statement said. The release from the company did not specify what,...

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Phoenix Investors buys two more large industrial buildings

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Anthony Crivello, Articles, David Marks, Frank Crivello
August 31, 2017

As reported on bizjournals.com: Sean Ryan, Reporter Phoenix Investors added another 1 million square feet to its growing portfolio of industrial building. The Milwaukee-based company on Wednesday announced the $25.8 million purchase of buildings in Jefferson and Beloit that are nearly fully leased. The company now holds about 17 million square feet of properties in 22 states, and has grown rapidly after the recession under a core strategy of buying and rehabbing empty or underused industrial buildings. "These acquisitions represent our entry...

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Phoenix Investors Expands WI Industrial Footprint

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Anthony Crivello, Articles, David Marks, Frank Crivello
August 30, 2017

As reported on cpexecutive.com: Timea Papp Phoenix Investors completed the purchase of two industrial properties in Beloit and Jefferson, Wis., through one of its affiliates. The assets changed hands in a $25.8 million deal and encompass more than 1 million square feet of industrial space. Wisconsin Bank and Trust provided the acquisition financing. VALUE-ADD OPPORTUNITIES   The property located at 351 Collins Road in Jefferson, Wis., features up to 30-foot clear ceilings and boasts 591,840 square feet. The distribution warehouse is fully leased and is...

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Restaurant group, community leaders throw Sherman Park revival party

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Articles, David Marks, Frank Crivello, Giving Back, Projects
August 22, 2017

As reported on biztimes.com: Mark Kass, Editor-in-Chief, Milwaukee Business Journal   It was quite the party Sunday afternoon in the Sherman Park area as business and community leaders gathered to host the first annual Sherman Park Revival Celebration. Check out the attached slideshow to see photos from the community gathering. The event was put together by the Milwaukee Kitchen Cabinet, a group of Milwaukee-area restaurants which includes SURG Restaurant Group, and Milwaukee Public Schools administrators. At the event, 250 pre-selected Milwaukee Public Schools students received...

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Amazon.com, Japanese firm explored Racine County before Foxconn

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Articles, David Marks
July 26, 2017

As reported on biztimes.com: Sean Ryan, Reporter Milwaukee Business Journal “People are now seeing Racine as something that really gives you the benefit of both markets, and it has taken time for the market to realize that,” said David Marks, president and CEO of Phoenix Investors in Milwaukee. Phoenix Investors in 2013 bought an existing building in Mount Pleasant, and currently owns 62 surrounding acres for more development on Durand Avenue. Phoenix has prepared 18 acres for construction of a 130,000-square-foot building, said senior vice president Kurt...

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This City Is Counting on Trump to Spend Big on Infrastructure

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Articles, Projects
April 26, 2017

As reported by NBC News: By JACOB SOBOROFF and AARNE HEIKKILA FORT SMITH, Arkansas — President Donald Trump promised a $1 trillion infrastructure investment over ten years that he said would rebuild American cities and create millions of new jobs. Here in Arkansas' second-largest city, where Trump won overwhelmingly in 2016, residents eagerly await details of a bill and see it as key to turning their fortunes around. Fort Smith holds a Gallup poll distinction most cities want desperately to avoid — its...

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Phoenix Investors breaks ground at former Whirlpool building in Fort Smith

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Articles, Projects
April 21, 2017

As reported by the Times Record: By Thomas Saccente / Times Record / tsaccente@swtimes.com The Milwaukee-based firm Phoenix Investors LLC held a groundbreaking ceremony at 6400 Jenny Lind Road in Fort Smith Thursday to celebrate the company’s purchase of the former Whirlpool manufacturing facility at that location. The building was formerly used to manufacture refrigerators and freezers. A joint news release from the Arkansas Economic Development Commission and the Fort Smith Regional Chamber of Commerce states Phoenix Investors will invest more than $10...

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