FORMER QUAD/GRAPHICS PLANTS SOLD TO MILWAUKEE’S PHOENIX INVESTORS

As reported in bizjournals.com written by Sean Ryan Two former Quad/Graphics Inc. industrial facilities in Illinois and Tennessee sold to Milwaukee-based Phoenix Investors. An affiliate of the Milwaukee real estate investor bought the two buildings for $13.5 million from Industrial Realty Group. The two buildings have about 1.1 million square feet combined and were formerly occupied by Sussex printing company Quad/Graphics (NYSE: QUAD).  “Both buildings have good bones and feature high clear ceiling heights,” said Anthony Crivello, Phoenix executive vice president. “We intend on renovating ... Read More

2019-12-24T06:10:11+00:00May 8th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|

PHOENIX INVESTORS BUYS 1.1 MILLION SQUARE FEET OF INDUSTRIAL

As reported in rejournals.com Affiliates of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, acquired from affiliates of Industrial Realty Group two industrial properties totaling about 1.1 million square feet in Covington, Tennessee, and Mount Morris, Illinois, for $13.5 million. The Covington property is a former Quad Graphics facility located on U.S. Route 51 in Covington, about 45 miles northeast of Memphis. Built between 1987 and 1994, the Covington property is made up of 523,010 square feet in improvements and totals ... Read More

2019-12-24T06:10:14+00:00May 8th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|

VACANT LOWE’S TO BE DISTRIBUTION CENTER

As reported in urbanmilwaukee.com written by Jeramey Jannene A long-vacant Lowe’s home improvement store in Midtown Center will become a distribution center created by Milwaukee-based Phoenix Investors. Under plans revealed Monday afternoon, a proposed future tenant would employ up to 30 individuals in the large facility at 5800 W. Hope Ave. Phoenix declined to identify the prospective tenant, but said that operator would have a 10-year lease for the storage and delivery of finished goods. The 134,314-square-foot building was built in 2004 according to city ... Read More

2019-12-24T06:10:21+00:00May 8th, 2018|Articles, David Marks, Frank Crivello, Kurt Jensen|