
Founded in 1994, Phoenix Investors and its affiliates (collectively “Phoenix”) are a leader in the acquisition, development, renovation, and repositioning of industrial facilities throughout the United States. Utilizing a disciplined investment approach and successful partnerships with institutional capital sources, corporations, and public stakeholders, Phoenix has developed a proven track record of generating superior risk-adjusted returns, while providing cost-efficient lease rates for its growing portfolio of national tenants. Our efforts inspire and drive the transformation and reinvigoration of the economic engines in the communities we serve. Phoenix continues to be defined by thoughtful relationships, sophisticated investment tools, cost-efficient solutions, and a reputation for success.
Press Release Feed
Phoenix Investors, a limited liability company
PHOENIX INVESTORS DONATES $50,000 TO PATHFINDERS MILWAUKEE, INC. MILWAUKEE, WI (March 2, 2021)—Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced a contribution totaling $50,000 was made to Pathfinders Milwaukee, Inc. (“Pathfinders”), a nonprofit organization dedicated to bringing safety, hope, and healing to youth in crisis in the Greater Milwaukee area. “We’ve been a long-time supporter of Pathfinders and believe their mission is noble,” said Frank Crivello, Founder & Chairman in an official statement. “Our youth face so many challenges in today’s world; it’s a comfort to know that organization like Pathfinders not only exist but make a real impact and create true havens within our community. We are honored support Pathfinders and the youth and families they touch.” Pathfinders serves over 5,000 of Milwaukee’s youth per year directly, with nearly 1,000 receiving more intensive care services, like case management, counseling, housing, shelter, sexual exploitation and trafficking advocacy, and educational and basic needs support; the organization has been in operation since 1970. “Mr. Crivello’s gift helps makes Pathfinders’ mission to empower youth and change lives possible,” said Renee Kirnberger, Senior Vice President of Development & Communications at Pathfinders. “As our young people tell us, ‘Housing is the key to everything, really.’ Our donors, like Mr. Crivello and Phoenix Investors, help ensure these young people can access the resources they need to achieve safety, stability, and success.”
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. The most recent survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com
PHOENIX INVESTORS EXPANDS PORTFOLIO WITH 1.7 MILLION SF ACQUISITION OF HISTORIC PLANT IN CONNERSVILLE, INDIANA
CONNERSVILLE, INDIANA (November 30, 2021) – An affiliate of Phoenix Investors (“Phoenix”) announced the acquisition of a manufacturing plant of 1.7 million square feet on 186 acres at 4747 North Western Avenue, Connersville, Indiana. The first phase of the plant was built in 1953 by Philco Corporation. Philco was a leading consumer, automotive, and defense manufacturer dating back to the 1920s. Ford Motor Company acquired Philco in 1961 and renamed the division Philco-Ford in 1966. Ford expanded the plant through phases in the 1960s. Ford operated the Connersville plant from 1961 until it spun this division off as Visteon Corporation in 2000. Visteon Corporation is an American global automotive electronics supplier composed of multiple businesses that design, engineer, and manufacture vehicle cockpit electronics products and connected car services for a diversified customer base, including all major automakers. Visteon closed the plant in 2007. Since 2013, onethird of the plant has been home to CliqStudios Cabinets. The property features robust and heavy industrial infrastructure including clear heights of 30’ throughout the plant, 60’ x 40’ column spacing, 50 docks and drive-in doors, two rail sidings with multiple rail bays and over 2,000’ of rail on-site for rail car management, an ESFR sprinkler system, and massive electric infrastructure with 28 MVA. One of the oldest cities in Indiana, Connersville is strategically located between I-70 & I-74 that connect directly to Indianapolis (55 miles); Dayton (72 miles); and Cincinnati (62 miles). These features make it an ideal site for logistics and manufacturing operations. Mettel Air Field is located directly across from the property and serves jet aviation. “Mayor Frank and his team have bent over backwards to welcome us to Connersville. Our publicprivate partnerships are critical to the successful redevelopment of plants like this one. The Connersville workforce and the infrastructure of this plant can’t easily be duplicated,” said Frank Crivello, Founder & Chairman of Phoenix Investors. “Phoenix can adapt this plant to a number of industries. The Connersville community and culture are tied tightly to a history of hard work and innovation. We are excited to be part of its future.” “Mr. Crivello and his team at Phoenix Investors have been a top-notch, professional group to work with from day one,” said Chad Frank, Mayor, Connersville, Indiana. “The property has a rich history that I am excited to see renovated, flourishing with great companies that will positively impact our community.” “We will renovate this property in a first-class manner. We will restore it to its greatness,” said David Marks, President & CEO of Phoenix Investors. “Given its unique infrastructure and proximity to major manufacturing hubs, we are confident we will attract high-quality companiesto the property.”
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. The most recent survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com
Frank P. Crivello of Phoenix Investors Donates $100,000 to Kingdom Faith Fellowship – MILWAUKEE, WI (June 30, 2020) – Frank P. Crivello, Chairman & Founder of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced a contribution totaling $100,000 was made to Kingdom Faith Fellowship (“KFF”), a non-denominational church located just east of Milwaukee’s Grover Heights Neighborhood. Given financial challenges exaggerated by the effects of COVID-19, Phoenix paid KFF’s accumulated rental fees. “As we all know, establishments of every type have been suffering from the impact of COVID-19, especially religious organizations,” said Frank P. Crivello in an official statement. “We are honored to help support Kingdom Faith Fellowship, an establishment that helps foster a true sense of community. With physical meeting spaces still under drastic limitations and offerings on perpetual hold, donations are integral to the survival of our community fixtures.”
Kingdom Faith Fellowship, led by Senior Pastor Robert Randolph, exists to provide spiritual, physical, and emotional healing through their ministry efforts and has been serving the Greater Milwaukee community since 2007. “We are honored to have community partners like Phoenix investors who understand the need to support religious organizations making an impact in the city of Milwaukee. We are grateful for their support,” said Pastor Randolph in a statement. Please visit https://www.kffmil.org to learn more about the Fellowship.
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. Phoenix’s affiliate companies hold interests in approximately 30 million square feet of industrial, retail, office, and single tenant net-leased properties across 21 states. A 2018 survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions.
For more information visit https://phoenixinvestors.com.
PHOENIX INVESTORS ACQUIRE INDUSTRIAL PORTFOLIOS FROM LEDVANCE. Company Purchases Over 1.6 Million SF in PA & KY – MILWAUKEE, WI (June 22, 2020) – Affiliates of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced its acquisition of a portfolio of four industrial properties from LEDVANCE totaling approximately 1,600,000 square feet. These former LEDVANCE plants are located in Versailles, KY; Winchester, KY; St. Marys, PA; and Wellsboro, PA. LEDVANCE, https://www.ledvance.com, is one of the world’s leaders in general lighting for lighting professionals as well as end users, offering a broad variety of LED luminaires, advanced LED lamps, intelligent Smart Home & Smart Building solutions as well as traditional light sources. Emerged from the general lighting business of OSRAM, the company is now owned by Chinese lighting company MLS Co., LTD. with offices in more than 50 countries and business activities in more than 140 countries.
Ranging from approximately 165,000 square feet to 720,000 square feet, the facilities are well-positioned for industrial redevelopment. Consistent with the requirement of prospective tenants, Phoenix’s capital improvement plan will be completed in the coming months. The available industrial and warehouse space is easily divisible and will be marketed for lease. “The bones of these properties are excellent and LEDVANCE maintained the properties well,” said Frank P. Crivello, Chairman of Phoenix Investors. “LEDVANCE decommissioned the plants in a first-class manner.”
The Kentucky properties are located in the robust Lexington, KY MSA. Limited industrial buildings in excess of 150,000 square feet are available within 30 miles of Lexington. The market fundamentals have historically been tight, having a market vacancy rate below 2%. Both of the Pennsylvania properties are also located in strong industrial corridors, with access to a skilled and diverse labor force. Given our existing portfolio in Pennsylvania and Kentucky, these properties will fit in well with our established footprint, strategy, and relationships,” said David Marks, President & CEO of Phoenix Investors. “As we have done in the past, we look forward to working with public partners in each state to successfully reposition these properties with an emphasis on job creation.” The transaction was brokered by Jim Belcher and Bart Hardison of Newmark Knight Frank.
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. Phoenix’s affiliate companies hold interests in over 30 million square feet of industrial, retail, office, and single tenant net-leased properties across 21 states. A 2018 survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com.
Affiliate Of Phoenix Investors Acquires Class A Industrial Facility In Normal, Illinois – Company purchases former Wildwood site for redevelopment. MILWAUKEE, WI (June 18, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 500,000 square-foot industrial facility on 65.6 acres of land located at 301 West Kerrick Road in Normal, Illinois. The development was started approximately twelve years ago by Wildwood Industries, Inc. Due to the failure of the original developer, the property was never fully completed and has never been occupied. After several years of complicated litigation, the lienholders obtained the rights to market and sell the property, and with the assistance of Phoenix, were able to realize a transaction that has taken a decade to resolve. Phoenix will invest its capital into the project to bring this well-located modern building to completion. Substantially complete and with modern amenities, the property (“Phase One”) features a highly functional design, including 30-feet clear heights, 50′ x 60′ column spacing and 84 exterior docks. Easily divisible for two users, the facility has cross dock capabilities and includes additional developable land for expansion. The property is strategically located at the interchange of I-39 and I-55 in Central Illinois, having immediate access to I-55, I- 39, and I-74. The central location makes it ideal for distribution to Chicago, St. Louis, and Indianapolis. In addition, the original developer completed the build-out of the pad, utilities, and other improvements for the construction of a second building of 500,000 square-foot (“Phase Two”) adjacent to the main site. “We are excited about this unique opportunity to complete a Class A distribution and manufacturing facility in central Illinois that was stalled by the failure of the original developer. We are excited to transform this shell into a completed and productive industrial complex that the community of Normal will be proud of,” stated David Marks, CEO & President of Phoenix Investors. The property is located in the Bloomington-Normal Regional Enterprise Zone and is eligible for certain support through that program, including utility tax exemption and investment tax credits. Additionally, the City of Normal approved tax incremental financing (“TIF”) as part of the North Normal Warehouse Redevelopment Project.
“The Town of Normal is excited to partner with Phoenix Investors to see this site reach it’s true potential after years of sitting vacant”, stated Mayor Chris Koos. “We are thrilled to see this project moving forward and the opportunity to capitalize on Phoenix’s track record of success in converting underutilized industrial properties into productive warehouse and distribution centers that create jobs and additional investment in the community.” “We are grateful to Dave Stark of Stark Companies, on behalf of the creditors, and elected officials and the administrative staff of the City of Normal in helping us navigate and complete this acquisition,” stated Frank P. Crivello, Chairman of Phoenix Investors. “After our public hearing with the City of Normal, a handful of brokers contacted us on behalf of high-quality prospects for the space. Once we lease Phase One, we will begin to explore completion of Phase Two of the project.”The transaction was brokered by Ken Szady and Krysti Galvin of Marcus & Millichap.
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. Phoenix’s affiliate companies hold interests in over 30 million square feet of industrial, retail, office, and single tenant net-leased properties across 21 states. A 2018 survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com.
Phoenix Investors Concludes 2019 With Acquisition Of Former Sears Distribution Center – Company purchases approximately 1,400,000 square feet – MILWAUKEE, WI (January 6, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 1,400,000 square-foot industrial facility located at 3456 Meyers Road in Memphis, Tennessee. The property is currently vacant and will be marketed to new users for lease. Originally built in 1973 with an addition in 1981, the facility is a Class B former distribution center for Sears. The property has clear ceiling heights ranging from 24 feet to 31 feet, 145 dock doors, 24′ X 36′ column spacing and ample trailer parking. The building is currently divisible for multi-tenant occupancy, having several demising walls in-place that can accommodate footprints of approximately 100,000 square feet or more. Phoenix will implement its capital improvement plan in the coming months, making a number of structural and cosmetic upgrades to the facility. Located within proximity to Interstate 40 and 240, the property is close to Amazon and Nike’s new distribution centers. The submarket’s fundamentals are strong, having limited lease ready supply available. “Historically, we have received more national search inquires for the Memphis market than any other MSA,” said Kurt Jensen, Senior VP of Acquisitions and Leasing. “The combination of geographic location, transportation infrastructure, and affordable market rents make it the ideal marketplace to serve tenants searching for distribution East of the Rockies. We expect this facility to enhance our ability to serve our tenants’ distribution needs on a regional and national basis.” Phoenix is focused on expanding its footprint in Tennessee with this investment and other pending acquisitions. “2019 was a historic year for us on many levels,” said Frank Crivello, Founder & Chairman of Phoenix. “We are excited to continue our growth in 2020 and beyond, actively searching for additional industrial value-add opportunities.” Senior mortgage financing was provided by Atlantic Capital Bank. The transaction was brokered by Jack Wohrman and Russ Westlake of JLL.
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. Phoenix’s affiliate companies hold interests in over 30 million square feet of industrial, retail, office, and single tenant net-leased properties across 21 states. A 2018 survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com.
Affiliate Of Phoenix Investors Acquires Multi-Tenant Industrial Facility In West Mifflin, Pennsylvania – Company purchases approximately 625,000 square feet – MILWAUKEE, WI (April 1, 2020) –An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 625,000 square-foot industrial facility and 53 acres of land located at 1200 Lebanon Rd in West Mifflin, Pennsylvania. The purchase included approximately 14 acres of unused developable land. Originally built for Continental Can Company, the subject property features a concrete/block foundation, average clear heights of 24-feet, 57 overhead loading doors, varying column spacing and ample restrooms throughout the premises. The property is approximately 70% leased with a diverse rent roll consisting of over twenty tenants. The vacant space will be marketed to new users for lease. “We will implement numerous capital and cosmetic improvements to the property in short order. The property will be materially more attractive and functional to new users,” said Anthony Crivello, Phoenix’s Executive Vice President. West Mifflin Borough is located in Allegheny County, Pennsylvania, southwest of the City of Pittsburgh. It is located within 8 miles to downtown Pittsburgh, 6 miles to I-376 Interchange, 2 miles to Route 51 and 3 miles from the future Mon Fayette Expressway Dravosburg Interchange. Senior mortgage financing was provided by AmeriServ Financial. The transaction was brokered by John Jackson and Evan Cicirello of Grant Street Associates, Inc., an affiliate of Cushman & Wakefield. “This is a sizable asset for Pittsburgh’s industrial market, and represents a tremendous value-add investment opportunity. We have no doubt the incoming ownership group will be able to implement their vision and realize the full potential of this property,” said Evan Cicirello.
ABOUT PHOENIX INVESTORS
Founded by Frank Crivello, Phoenix Investors is a national commercial real estate firm based in Milwaukee, WI whose core business is the revitalization of former manufacturing facilities throughout the United States. This strategy leads to positively transforming communities and restarting the economic engine in the communities we serve. Phoenix’s affiliate companies hold interests in over 30 million square feet of industrial, retail, office, and single tenant net-leased properties across 21 states. A 2018 survey conducted by NREI ranked Phoenix Investors as having the 28th largest total industrial real estate portfolio. Today, Phoenix principally specializes in the renovation and repositioning of large, former single tenant industrial facilities throughout the United States that were previously owned by major corporate clients, REITs, or financial institutions. For more information visit https://phoenixinvestors.com.