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 in the Milwaukee Business Journal: Phoenix Investors is buying three large Wisconsin industrial buildings and one in Tennessee, expanding its building portfolio in separate end-of-the-year deals. Milwaukee-based Phoenix Investors is likely the most active local buyer of industrial buildings. That is likely to continue in 2017… Read the full story here