Wisconsin Tag

Phoenix Investors buys two more large industrial buildings

As reported on bizjournals.com: Sean Ryan, Reporter Phoenix Investors added another 1 million square feet to its growing portfolio of industrial building. The Milwaukee-based company on Wednesday announced the $25.8 million purchase of buildings in Jefferson and Beloit that are nearly fully leased. The company now holds about 17 million square feet of properties in 22 states, and has grown rapidly after the recession under a core strategy of buying and rehabbing empty or underused industrial buildings. "These acquisitions represent our entry...

Phoenix Investors Expands WI Industrial Footprint

As reported on cpexecutive.com: Timea Papp Phoenix Investors completed the purchase of two industrial properties in Beloit and Jefferson, Wis., through one of its affiliates. The assets changed hands in a $25.8 million deal and encompass more than 1 million square feet of industrial space. Wisconsin Bank and Trust provided the acquisition financing. VALUE-ADD OPPORTUNITIES   The property located at 351 Collins Road in Jefferson, Wis., features up to 30-foot clear ceilings and boasts 591,840 square feet. The distribution warehouse is fully leased and is...

Restaurant group, community leaders throw Sherman Park revival party

As reported on biztimes.com: Mark Kass, Editor-in-Chief, Milwaukee Business Journal   It was quite the party Sunday afternoon in the Sherman Park area as business and community leaders gathered to host the first annual Sherman Park Revival Celebration. Check out the attached slideshow to see photos from the community gathering. The event was put together by the Milwaukee Kitchen Cabinet, a group of Milwaukee-area restaurants which includes SURG Restaurant Group, and Milwaukee Public Schools administrators. At the event, 250 pre-selected Milwaukee Public Schools students received...

Amazon.com, Japanese firm explored Racine County before Foxconn

As reported on biztimes.com: Sean Ryan, Reporter Milwaukee Business Journal “People are now seeing Racine as something that really gives you the benefit of both markets, and it has taken time for the market to realize that,” said David Marks, president and CEO of Phoenix Investors in Milwaukee. Phoenix Investors in 2013 bought an existing building in Mount Pleasant, and currently owns 62 surrounding acres for more development on Durand Avenue. Phoenix has prepared 18 acres for construction of a 130,000-square-foot building, said senior vice president Kurt...

Phoenix Investors purchases three properties for $29.3 million

As reported in the Milwaukee Business News: Increases its Wisconsin industrial real estate portfolio to 6 million square feet In the last week, Milwaukee-based Phoenix Investors LLC, has purchased three industrial buildings at a total cost of $29.3 million and has increased its industrial real estate portfolio to about 6 million square feet in Wisconsin. The company purchased Shur-Line’s two industrial buildings in St. Francis for $8.8 million in a sale-leaseback deal last week. The company, which makes paining products including brushes and...

Phoenix Investors purchases Kenosha industrial complex for $2 million

As reported in the Milwaukee BizTimes: Phoenix working with tenant Compass Minerals to improve, expand distribution at the site An affiliate of Milwaukee-based Phoenix Investors LLC has purchased a 281,000-square-foot industrial complex in Kenosha for $2 million. Phoenix Kenosha purchased the property, which is located on 13 acres at 3122 14th Ave., from Walnut and Vine Properties II LLC. The property is primarily leased to Overland Park, Kansas-based Compass Minerals America, which is using the site as a distribution center. Compass Minerals has more than...

Health center moves into larger, more efficient space in old Goldmann’s store

As reported on Milwaukee Neighborhood News Service: The grand staircase and the creaky wooden floors of the Goldmann’s Department Store were a source of warm familiarity for generations of Milwaukeeans on the city’s South Side until the department store closed about a decade ago. Now restored, the staircase leads to another community treasure: the Gerald L. Ignace Indian Health Center. The building at 930 W. Historic Mitchell Street, once home to the all-inclusive department store, now houses the all-inclusive community health center,...

Former Goldmann’s could become health clinic under latest proposal

As reported on Milwaukee Business Journal: Phoenix Investors and Endeavour Corp. are seeking approval this month to convert the former Goldmann's department store on West Historic Mitchell Street into a health clinic. The $5.5 million renovation is to start in mid-April and will be complete about six months later, said Randy Roth, principal of Endeavour. The building, once renovated, will house the Gerald L. Ignace Indian Health Center, currently at 1711 S. 11th St. [edgtf_button size="small" type="" text="Read the full story here" custom_class=""...