MASSIVE J.C. PENNEY WAUWATOSA BUILDING SELLS FOR $31 MILLION

As reported in bizjournals.com By Sean Ryan Milwaukee-based Phoenix Investors on Tuesday bought the Wauwatosa warehouse that J.C. Penney Co. will close this year for $31.25 million and plans to renovate the more than 2 million-square-foot building. J.C. Penney in February announced plans to close its distribution center and call center on the west side of Interstate 41, laying off 670 employees. The company will move out over the next several months, and Phoenix Investors is laying plans to refill the building by leasing it ... Read More