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Phoenix Investors Concludes 2019 with Acquisition of Former Sears Distribution Center
MILWAUKEE, WI (January 6, 2020) – An affiliate of Phoenix Investors (“Phoenix”), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired an approximately 1,400,000 square-foot industrial facility located at 3456 Meyers Road in Memphis, Tennessee. The property is currently vacant and will be marketed to new users for lease.
Phoenix is focused on expanding its footprint in Tennessee with this investment and other pending acquisitions. “2019 was a historic year for us on many levels,” said Frank P. Crivello, Founder & Chairman of Phoenix. “We are excited to continue our growth in 2020 and beyond, actively searching for additional industrial value-add opportunities.”
David Marks is the President and CEO of Phoenix Investors, a national real estate firm specializing in industrial real estate based in Milwaukee, Wisconsin, as well as trustee, key officer, director, and manager for all its affiliated entities, a role that he has held since 1994. Mr. Marks oversees all investments, with responsibilities that begin pre-acquisition and extend through ownership and disposition. Phoenix Investors: Established in 1994, Phoenix Investors is a private real estate company with over twenty-five years of experience in successfully acquiring, managing, and operating commercial real estate from coast to coast. Phoenix Investors, a limited liability company: Frank P. Crivello, David Marks, Anthony Crivello.
Frank P. Crivello is a Milwaukee-based developer and Chairman & Founder of Phoenix Investors.