Milwaukee-based Phoenix Investors purchased a 1.4 million-square-foot facility from a Sear subsidiary. The acquisition is Phoenix's second in the Memphis area. Kurt Jensen, Phoenix's Senior Vice President of Acquisitions and Leasing said Phoenix has received "more national search inquiries for the Memphis market than any other MSA. 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," Jensen said. Read the full article in the Milwaukee Business Journal.
As reported by Crowdz: FLINT, MI – A shuttered automotive plant may see new life after a Wisconsin-based commercial real estate firm purchased the former Delphi Flint East industrial plant. The 550,000-square-foot building on the property near Dort Highway and Robert T. Longway Boulevard was bought by an affiliate of Phoenix Investors, according to a statement from the company on Monday, Oct. 2. Phoenix Investors paid $3.15 million for the property, the statement said. The release from the company did not specify what, if any, ... Read More