Trending...
- Cancer Survivor Roslyn Franken Marks 30-Year Milestone with Empowering Gift for Women Survivors
- RJ Grimshaw Launches "The AI EDGE" A Practical Guide Where Leadership Meets Innovation
- Live Good Leads with Love: Creating Opportunity, Protecting the Vulnerable and Inspiring Hope
MILWAUKEE, Feb. 3, 2025 ~ Phoenix Investors, a national leader in the revitalization of former manufacturing facilities, has recently announced the acquisition of two industrial properties in Wisconsin and Michigan. The affiliate of Milwaukee-based Phoenix has acquired the properties from FCA US LLC, a subsidiary of global automaker Stellantis.
The two properties, located at 3280 South Clement Avenue in Milwaukee, WI and 840 Huron Boulevard in Marysville, MI, add approximately 2,300,000 square feet and 145.03 acres to Phoenix's portfolio. This brings their total portfolio to over 80 million square feet nationwide. Both buildings are currently fully leased to Stellantis.
Stellantis was formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, manufactures, and sells vehicles under various brands such as Chrysler, Jeep®, Dodge, Ram, Alfa Romeo, and Fiat. They also provide parts and services through their Mopar division. The Milwaukee and Marysville campuses are home to Mopar parts distribution centers.
More on Wisconsin Eagle
According to Anthony Crivello, Executive Vice President & Managing Director of Phoenix Investors, both properties are strategically located. He expressed excitement about adding them to their growing portfolio and maintaining a strong presence in Wisconsin and Michigan. Crivello also mentioned that working with Stellantis was a pleasure and that the transaction resulted in a win-win outcome for all parties involved.
The Milwaukee property on Clement Avenue offers 1,050,000 square feet on 43.53 acres with ample parking and restrooms. It also has access to a Chicago & North Western rail spur. With clear heights up to 21 feet, 40 docks, six drive-ins, and adequate office space, the property is ideal for an industrial complex.
Similarly, the Marysville property on Huron Boulevard spans over 1 million square feet on 101.5 acres with ample auto parking and expandable trailer parking. It also has access to CSX rail. The property features clear heights up to 36 feet, 64 docks with expandable capabilities, 13 grade doors, and 9,800 square feet of office space, making it a well-equipped and versatile space.
The transaction was brokered by Tony Avendt and Jeff Hoffman of Cushman & Wakefield. With this acquisition, Phoenix Investors continues to solidify its position as a leader in the revitalization of former manufacturing facilities and its commitment to growth in the industrial real estate market.
The two properties, located at 3280 South Clement Avenue in Milwaukee, WI and 840 Huron Boulevard in Marysville, MI, add approximately 2,300,000 square feet and 145.03 acres to Phoenix's portfolio. This brings their total portfolio to over 80 million square feet nationwide. Both buildings are currently fully leased to Stellantis.
Stellantis was formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, manufactures, and sells vehicles under various brands such as Chrysler, Jeep®, Dodge, Ram, Alfa Romeo, and Fiat. They also provide parts and services through their Mopar division. The Milwaukee and Marysville campuses are home to Mopar parts distribution centers.
More on Wisconsin Eagle
- ARCH Dental + Aesthetics Offers Free Consultations for New Patients
- Maisano Brothers Inc. Expands National Paving Division Into Tampa, Florida
- Multi-Signature Cold Storage: Keyanb Introduces Institutional-Grade Asset Protection for Chilean Crypto Traders
- NKSCX Introduces Zero-Knowledge Proof of Solvency for U.S. Traders Amid $6.5 Billion Fraud Crisis
- New Oasis International Foundation Announces Strategic Partnership Network Across 15 Countries to Advance Community-Led Economic Development
According to Anthony Crivello, Executive Vice President & Managing Director of Phoenix Investors, both properties are strategically located. He expressed excitement about adding them to their growing portfolio and maintaining a strong presence in Wisconsin and Michigan. Crivello also mentioned that working with Stellantis was a pleasure and that the transaction resulted in a win-win outcome for all parties involved.
The Milwaukee property on Clement Avenue offers 1,050,000 square feet on 43.53 acres with ample parking and restrooms. It also has access to a Chicago & North Western rail spur. With clear heights up to 21 feet, 40 docks, six drive-ins, and adequate office space, the property is ideal for an industrial complex.
Similarly, the Marysville property on Huron Boulevard spans over 1 million square feet on 101.5 acres with ample auto parking and expandable trailer parking. It also has access to CSX rail. The property features clear heights up to 36 feet, 64 docks with expandable capabilities, 13 grade doors, and 9,800 square feet of office space, making it a well-equipped and versatile space.
The transaction was brokered by Tony Avendt and Jeff Hoffman of Cushman & Wakefield. With this acquisition, Phoenix Investors continues to solidify its position as a leader in the revitalization of former manufacturing facilities and its commitment to growth in the industrial real estate market.
0 Comments
Latest on Wisconsin Eagle
- Cold Storage and Proof-of-Reserves: BTXSGG Launches Institutional-Grade Asset Protection for Filipino Traders
- Why FIRE Enthusiasts Are Buying Businesses Instead of Just Saving Their Way to Freedom
- All About bail Bonds Expands Presence to Serve Houston Families
- Thousands to Ride to L.A. Children's Hospital This Halloween Night
- Essential Living Support Opens First VA Medical Foster Home in Cheyenne, Wyoming
- Six-Figure Chicks Book Series 96 Authors, 6 Volumes Published to Empower and Mentor Women Nationwide
- LSC Destruction Launches Cutting-Edge Cryptocurrency Scanning to Hard Drive Destruction Services
- $150 Million Financing Initiates N A S D A Q's First Tether Gold Treasury Combining the Stability of Physical Gold with Blockchain $AURE
- Hydraulic Parts Online LLC Expands Nationwide Supply of Aftermarket Hydraulic Components
- Podcast for Midlife Women Entrepreneurs Celebrates 100th Episode with Rhea Lana's Founder and CEO
- What If Help Could Come Before the Fall?
- OddsTrader Examines the NHL Presidents Trophy Curse: Why Regular-Season Success Rarely Leads to Playoff Glory
- Bookmakers Review Launches Betting Insights on NBC's "The Voice: Battle of Champions"
- Coming Up this Weekend on CNBC Mike Milligan Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- UK Website Launches "Toy Time Machine" — Find Your Childhood Christmas Toy in One Click
- $73.6M Pipeline, $10M Crypto Play & Legal Firepower: Why Investors Are Watching Cycurion (N A S D A Q: CYCU) Like a Hawk
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- Thread Advisory Group Launches to Help Retailers Turn Strategy Into Lasting Results
- QView Medical and Eve Wellness Announce Partnership to Advance Direct-to-Consumer Breast Cancer Screening With FDA-Approved AI
- New Article Reveals Common Pricing Pitfalls in Flooring Projects — And How to Avoid Them