{"id":1004745624,"date":"2025-02-05T02:51:28","date_gmt":"2025-02-05T10:51:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745624"},"modified":"2025-02-05T06:44:02","modified_gmt":"2025-02-05T14:44:02","slug":"phoenix-investors-buys-3-1-msf-of-industrial-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/","title":{"rendered":"Phoenix Investors Buys 3.1 MSF of Industrial Assets"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004745641\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/mi\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg\" data-orig-size=\"1000,750\" 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;\\u00a9 Yardi Systems, Inc.&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=\"840 Huron Blvd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of the industrial campus at 840 Huron Blvd, in Marysville, Mich. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg\" alt=\"Exterior shot of the industrial campus at 840 Huron Blvd, in Marysville, Mich.\" class=\"wp-image-1004745641\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Stellantis is the sole tenant of the property at 840 Huron Blvd. in Marysville, Mich. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Phoenix Investors has acquired three industrial properties totaling approximately 3.1 million square feet. <\/p>\n\n\n\n<p>The company bought a nine-building, 750,000-square-foot campus in Milwaukee from Regal Rexnord. The asset changed hands for $9 million, according to <em>Milwaukee Business Journal<\/em>. The other two properties were sold by a subsidiary of Stellantis and are in Milwaukee and Marysville, Mich.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield brokered the Stellantis transaction, while First Financial Bank provided acquisition financing for the Regal Rexnord sale. These purchases brought Phoenix Investors&#8217; national portfolio to more than 80 million square feet.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-emerging-industrial-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 5 Emerging Industrial Markets in 2024<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 56-acre Rexnord property is at 4701 W. Greenfield Ave. Its buildings were completed between 1920 and 1973. Features include clear heights ranging from 12 to 47 feet, crane bays and heavy power infrastructure. Floorplans allow for a minimum divisible configuration of 12,741 square feet. The asset was fully vacant at the time of sale.<\/p>\n\n\n\n<p>The two Stellantis assets are at 3280 S. Clement Ave. in Milwaukee and 840 Huron Blvd. in Marysville. The first encompasses 1.1 million square feet, has clear heights up to 21 feet, 40 dock doors and six drive-in doors. The three-building Marysville property measures 1.2 million square feet, clear heights up to 36 feet, 64 dock and 13 grade doors, along with 9,800 square feet of office space. Both properties also have access to rail and are used by Stellantis&#8217; Mopar division.<\/p>\n\n\n\n<p>The Milwaukee properties are within 10 miles of each other. They are close to interstates 94 and 41 and within 13 miles of Milwaukee Mitchell International Airport. The 840 Huron Blvd. asset is close to St. Clair County International Airport and provides easy access to interstates 94 and 69.<\/p>\n\n\n\n<p>Executive Director Tony Avendt and Senior Director Jeff Hoffman with Cushman &amp; Wakefield brokered the Stellantis deal. First Financial Bank Senior Vice President &amp; Regional Manager Jeff Cartwright provided the senior financing for the former Regal Rexnord campus acquisition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-big-purchases-in-the-midwest\">Big purchases in the Midwest<\/h2>\n\n\n\n<p>Another large industrial acquisition in the Midwest region closed last month. <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-industrial-partners-buys-chicagoland-light-industrial-portfolio\/\">SL Industrial Partners picked up a 17-building portfolio<\/a> in Chicago&#8217;s suburbs. The assets were 92 percent leased at the time of closing.<\/p>\n\n\n\n<p>In November, <a href=\"https:\/\/www.commercialsearch.com\/news\/irg-buys-1-msf-minneapolis-area-industrial-portfolio\/\">Industrial Realty Group purchased a 965,134-square-foot campus<\/a> in the Minneapolis-St. Paul metro. The company plans to redevelop the property.<\/p>\n\n\n\n<p>A month earlier, <a href=\"https:\/\/www.commercialsearch.com\/news\/1-1-msf-detroit-industrial-asset-trades-for-140m\/\">InSite Real Estate sold a 1.1 million-square-foot property<\/a> in Monroe, Mich., for $139.5 million. The asset was fully leased to Ford Motor Co.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These acquisitions bring the firm&#8217;s portfolio to more than 80 million square feet.<\/p>\n","protected":false},"author":2991,"featured_media":1004745641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,13,21742],"tags":[34908,51613,37411],"class_list":["post-1004745624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midwest","category-latest","tag-cushman-wakefeld","tag-first-financial-bank","tag-phoenix-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix Investors Buys 3.1 MSF of Industrial Assets - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Phoenix Investors has acquired a 3.1 million-square-foot industrial portfolio in Milwaukee and Marysville, Mich., in two separate deals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Investors Buys 3.1 MSF of Industrial Assets\" \/>\n<meta property=\"og:description\" content=\"Phoenix Investors has acquired a 3.1 million-square-foot industrial portfolio in Milwaukee and Marysville, Mich., in two separate deals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T10:51:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-05T14:44:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/mi-e1738668543481.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phoenix-investors-buys-3-1-msf-of-industrial-assets\/\",\"name\":\"Phoenix Investors Buys 3.1 MSF of Industrial Assets - 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