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Phoenix Investors to spend $10 million on former Whirlpool plant, already in talks with tenant prospects

As reported by Talk Business & Politics: Officials with Phoenix Investors say the former Whirlpool manufacturing facility in Fort Smith is a “diamond in the rough” and they plan to spend $10 million in the next 6 to 9 months to open and brighten the inside with white paint and new lighting. Milwaukee, Wisc.-based Phoenix Investors – through Phoenix JCR Fort Smith Industrial Investors LLC – bought the 1.136 million square foot plant for $3.25 million. The transaction date was Feb. 15. The...

Phoenix Investors joins local and state leaders to celebrate the purchase of former Whirlpool facility

As reported by the Arkansas Economic Development Commission: Phoenix Investors LLC today joined local and state leaders to celebrate the company’s purchase of the former Whirlpool manufacturing facility in Fort Smith. The company will invest more than $10 million in the 1.5 million square foot facility, located on Jenny Lind Road, making it immediately marketable to companies seeking a new location. Phoenix Investors is a national commercial real estate firm based in Milwaukee, Wisconsin whose core business is the revitalization of former...

Milwaukee’s Coolest Offices: Fully stocked bar, full-time chef among Phoenix Investors offerings

As reported in the Milwaukee Business Journal Phoenix Investors' downtown Milwaukee office has quite a list of features, ranging from a fully stocked bar to a full-time chef to a massage room for employees. Check out the attached slideshow to see photos of the office. The chef prepares free breakfast and lunch daily for the real estate firm's 55 employees in a full kitchen that was included in the buildout of the office space. Not only is it helpful that team members...

Phoenix Investors purchase industrial complex in Sheboygan

As reported on biztimes.com: An affiliate of Milwaukee-based Phoenix Investors has purchased an industrial complex in Sheboygan for $2.25 million. The property, which sits on 12.1 acres, is along the Sheboygan River at Commerce Street and Pennsylvania Avenue in Sheboygan, was purchased from an affiliate of Baird Capital. The properties, which total 208,000-square-feet, are leased to Safco Products Company, the parent company of Mayline Office Furniture. Safco and its predecessors have manufactured and sold the Mayline brand of office furniture products since 1939. “We...

Wide Open Spaces

Refurbishment of Maytag Plant 2 well underway by Phoenix Investors As reported in the Newton Daily News: Clean, usable, open space — that is what greeted the brokers viewing the former Maytag Plant 2 during an open house on Wednesday. Phoenix Investors, the commercial real estate firm which purchased the property for $6.7 million in 2015, hosted more than a dozen brokers whose clients have shown interest in leasing the newly refurbished building. Totaling more than 1.3 million square feet, the building, which hadn’t...

Town Bank to open branch downtown

As reported on biztimes.com: BIZ TIMES — Hartland-based Town Bank plans to open a branch in a 4,000-square-foot retail space at 401 E. Kilbourn Ave. in downtown Milwaukee. Town Bank’s only existing branch in the City of Milwaukee, at 140 S. First St. in the Walker’s Point neighborhood. Phoenix 401, an affiliate of commercial real estate company Phoenix Investors LLC, said it has executed a long-term lease agreement with Town Bank for a retail branch in the space, to open this fall. Jay Mack,...

Whirlpool sells two shuttered plants

As reported in the Herald Palladium: BENTON HARBOR — A Wisconsin investment group bought two dormant plants from Whirlpool Corp. The Milwaukee-based firm, known as Phoenix Investors LLC, closed on the two-property deal last week. It includes plants in Fort Smith, Ark., and Cleveland, Tenn. Terms of the deal were not released. “We outgrew our former manufacturing site in Cleveland a few years back and built a state-of-the-art facility just a few miles away,” Jeff Noel, vice president of communications and public affairs, said...

Whirlpool plant building lands a buyer

As reported in the Northwest Arkansas Democrat Gazette: An investment group from Wisconsin has purchased the largest building in the long vacant Whirlpool plant complex in Fort Smith, with plans to renovate the space to eventually operate as a hub for other companies. The 1.5 million-square-foot building on Jenny Lind Road, which includes 300,000 square feet of mezzanine space, has been on the market since the Whirlpool plant closed in 2012. Phoenix Investors of Milwaukee closed on the building last week. The...

Whirlpool plant building lands a buyer

As reported on Arkansas Online: An investment group from Wisconsin has purchased the largest building in the long vacant Whirlpool plant complex in Fort Smith, with plans to renovate the space to eventually operate as a hub for other companies. The 1.5 million-square-foot building on Jenny Lind Road, which includes 300,000 square feet of mezzanine space, has been on the market since the Whirlpool plant closed in 2012. Phoenix Investors of Milwaukee closed on the building last week. The terms of the...

Phoenix Investors buys Whirlpool industrial complex for redevelopment

As reported on Square Footprint: Whirlpool Corp. has sold its remaining manufacturing building and surrounding land in Fort Smith, Arkansas, to an affiliate of Milwaukee-based Phoenix Investors. It will be the first Arkansas project for the real estate group and will include a complete renovation of the former Whirlpool Complex suitable for use by warehousing, industrial or manufacturing companies. Phoenix Investors' portfolio totals approximately 17 million square feet across 22 states. Over the last three years Phoenix Investors has acquired six...