Phoenix Investors expands its growing portfolio by six more properties
MILWAUKEE, September 24, 2021 / PRNewswire / – Phoenix Investors and its affiliates (“Phoenix“) recently announced the acquisition of a portfolio of six properties from a private seller for a total value of approximately SF 700,000, bringing the Milwaukee-based corporate ownership spanning more than 41 million square feet in 28 states.
The object acquisition includes real estate in Winlock, Washington; Bartow, Florida, Shelbyville, TN; Greensboro, North Carolina; Glendale, Arizona; and Aurora, Illinois. The fortune in Washington, Florida, North Carolina, and Arizona, in particular have expanded Phoenix’s gain a foothold in 28 states. The portfolio is except for the Aurora, Illinois Facility on 970 Lake Street which is approximately 100,000 square feet. Phoenix intends to renovate this property in a short time and is aimed at single tenants.
The transaction was brokered by Jim Belcher, executive director, Newmark.
“It has been an exciting journey to see our portfolio grow,” said Frank Crivello, Phoenix’s Chairman and Founder. “We pride ourselves on serving so many different industries, communities, and people across the country.”
About Phoenix Investors
Phoenix Investors, founded by Frank Crivello, is a national commercial real estate company based in Milwaukee, WI whose core business is revitalizing former manufacturing facilities throughout United States. This strategy leads to a positive change in the communities and the economic engine in the communities in which we operate again. According to a recent survey by the National Real Estate Institute, Phoenix Investors has the 28th total portfolio of industrial real estate in the world United States. Today, Phoenix primarily specializes in renovating and repositioning large, former single-tenant industrial facilities in the US that were previously owned by large corporate clients, REITs, or financial institutions.
Further information is available at https://phoenixinvestors.com.
SOURCE Phoenix investors