{"id":1004189084,"date":"2017-08-30T07:39:41","date_gmt":"2017-08-30T15:39:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189084"},"modified":"2022-12-07T16:23:17","modified_gmt":"2022-12-08T00:23:17","slug":"phoenix-investors-expands-wi-industrial-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-wi-industrial-footprint\/","title":{"rendered":"Phoenix Investors Expands WI Industrial Footprint"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004189085\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004189085\" data-attachment-id=\"1004189085\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-wi-industrial-footprint\/1-9\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg\" data-orig-size=\"731,548\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"351 Collins Road in Jefferson, Wis.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;351 Collins Road in Jefferson, Wis.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg?w=731\" loading=\"lazy\" class=\"wp-image-1004189085 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg\" alt=\"1 Reynolds Drive in Beloit, Wis.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg 731w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004189085\" class=\"wp-caption-text\">1 Reynolds Drive in Beloit, Wis.<\/p><\/div>\n<p>Phoenix Investors completed the purchase\u00a0of 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.<\/p>\n<h2>Value-add opportunities<\/h2>\n<p>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 near Interstate 94, providing access to major <a href=\"https:\/\/www.commercialsearch.com\/news\/midwest-steel-moves-operations-to-rogers\/\">Midwestern markets<\/a> including Chicago, Milwaukee and Minneapolis.<\/p>\n<div id=\"attachment_1004189086\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004189086\" data-attachment-id=\"1004189086\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-expands-wi-industrial-footprint\/2-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg\" data-orig-size=\"760,570\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1 Reynolds Drive in Beloit, Wis.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1 Reynolds Drive in Beloit, Wis. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg?w=760\" loading=\"lazy\" class=\"wp-image-1004189086 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg\" alt=\"351 Collins Road in Jefferson, Wis.  \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg 760w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/2.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004189086\" class=\"wp-caption-text\">351 Collins Road in Jefferson, Wis.<\/p><\/div>\n<p>The asset located at 1 Reynolds Drive in Beloit, Wis., comprises 413,722 square feet of improvements and features up to 41-foot clear ceilings. The manufacturing property is leased to a variety of tenants and offers access to major thoroughfares including interstates 90, 43 and 39.<\/p>\n<p><em>\u201cThese acquisitions represent our entry into the Beloit and Jefferson industrial markets. The tenant mix is an attractive addition to our portfolio. Both properties have opportunities for future value-add improvements,\u201d<\/em> said Anthony Crivello, executive vice president of Phoenix Investors, in a prepared statement.\u00a0<\/p>\n<p><em>Images courtesy of Phoenix Investors<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Milwaukee-based commercial real estate company added two new assets to its portfolio as Wisconsin Bank and Trust originated the senior mortgage financing.<\/p>\n","protected":false},"author":240,"featured_media":1004189085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21783,13,21742],"tags":[37411,37410],"class_list":["post-1004189084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-investment","category-midwest","category-latest","tag-phoenix-investors","tag-wisconsin-bank-and-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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