#United States #Phoenix Investors #Regal Rexnord #West Milwaukee

Phoenix Investors Expands Its Footprint in Wisconsin

On February 3, 2025, Phoenix Investors, a prominent name in the commercial real estate sector based in Milwaukee, made waves by acquiring a vast 56-acre industrial campus previously owned by Regal Rexnord, a key player in the power transmission industry. This strategic acquisition not only enhances Phoenix's sizable portfolio but also marks a significant step in revitalizing a historical manufacturing site.

Details of the Acquisition

The site, located at 4701 West Greenfield Avenue, features approximately 750,000 square feet of industrial space. With a construction history tracing back to various decades from 1920 to 1973, the campus includes nine buildings that boast state-of-the-art features suitable for modern-day manufacturing and logistics operations.
The facilities are equipped with numerous dock doors, exceptional clear heights (up to 47 feet), and ample power infrastructure, making it an appealing option for diverse industrial users. The flexible floor plans accommodate companies of varying sizes, beginning from 15,000 square feet. Additionally, its proximity to I-94, only one mile away, further cements its position as a prime location for large-scale operations.

Future Developments

A notable aspect of this acquisition is the surplus land available on the campus, which presents exciting possibilities for future residential and commercial developments. Preliminary discussions between Phoenix and local authorities in West Milwaukee are already underway regarding potential projects that might bring further economic growth to the area.

Frank P. Crivello, the Founder and Chairman of Phoenix Investors, emphasized the company’s commitment to enhancing the site holistically. “We are dedicated to revitalizing the Regal Rexnord property in a way that respects its industrial legacy, while embracing diverse future uses that would be advantageous for the West Milwaukee community,” he stated.

Investment and Financing

This major acquisition was made possible with financing support from Jeff Cartwright, Senior Vice President and Regional Manager of First Financial Bank, underscoring the financial backing Phoenix secured to transform the site effectively.

Community Impact

As Phoenix Investors continues to breathe new life into formerly underutilized properties, the impactful results are being seen not just economically, but socially within the communities they serve. The revitalization of such sites has the potential to stimulate local economies, create job opportunities, and attract new businesses to the area, offering a much-needed boost to the community’s infrastructure and economy.

About Phoenix Investors

Founded with a mission to reinvigorate old manufacturing spaces, Phoenix Investors has become a national leader in the acquisition, renovation, and re-leasing of industrial properties across the United States. To date, their extensive portfolio encompasses approximately 80 million square feet of industrial space across 27 states. This latest acquisition further solidifies their role as a transformative force within the commercial real estate market.

For any leasing inquiries regarding the newly acquired Regal Rexnord campus, interested parties are encouraged to connect with Phoenix's Leasing Department through their official contact channels.

For more detailed insights into Phoenix Investors and their mission, please visit Phoenix Investors.