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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.
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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.
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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.
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