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 building located at ... Read More
Phoenix Investors has acquired two properties in Beloit and Jefferson, WI. The $25.8 million deal adds over 1 million square feet of industrial space to the Phoenix portfolio. In a prepared statement, Executive Vice President Anthony Crivello said that “Both properties have opportunities for future value-add improvements." Read the full story by Timea Papp for Commercial Property Executive here.