#United States #Stellantis #Industrial Properties #Phoenix Investors #Milwaukee, Wisconsin

Phoenix Investors Acquires Two Key Industrial Properties from Stellantis

Phoenix Investors, based in Milwaukee, has recently bolstered its substantial industrial portfolio by acquiring two significant properties previously owned by FCA US LLC, a subsidiary of the global automotive giant Stellantis. This acquisition, announced on February 3, 2025, is the latest step in Phoenix's ongoing mission to revitalize former manufacturing facilities across the United States.

The newly acquired properties are strategically located in Milwaukee, Wisconsin, and Marysville, Michigan, adding approximately 2.3 million square feet of space and over 145 acres to Phoenix's already impressive portfolio, which now exceeds 80 million square feet nationwide.

Details of the Acquisition

The properties consist of the following:

• - Milwaukee Facility: Situated at 3280 South Clement Avenue, this facility spans 1,050,000 square feet on 43.53 acres. It features essential amenities such as abundant parking and restrooms, access to a rail spur from Chicago North Western, and ideal industrial property features including 21-foot clear heights, 40 docks, and six drive-ins.
• - Marysville Facility: Located at 840 Huron Boulevard, the Marysville property encompasses 1,250,000 square feet on 101.5 acres. Highlights of this facility include 36-foot clear heights, 64 docks, and 13 grade doors, complemented by a significant amount of parking for both automobiles and trailers, along with CSX rail access.

As per the terms of the acquisition, both properties are fully leased to Stellantis and are primarily utilized as Mopar parts distribution centers. This reinforces the importance of these locations not only for Phoenix but also for Stellantis’s logistics and distribution network.

Statement from Leadership

Anthony Crivello, Executive Vice President and Managing Director at Phoenix, expressed enthusiasm over the acquisition, stating, "Both properties are situated in prime locations. We’re thrilled to add these properties to our growing portfolio and look forward to maintaining a strong presence in Wisconsin and Michigan. Collaborating with Stellantis was a pleasure, and we were happy to provide a win-win outcome for all parties."

The Role of Phoenix Investors

Founded in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA, Stellantis is responsible for designing, manufacturing, and selling a wide range of vehicles under notable brand names such as Chrysler, Jeep®, Dodge, Ram, Alfa Romeo, and Fiat, while also providing parts and customer service through its Mopar division. This acquisition aligns with Phoenix Investors’ reputation as a leader in the revitalization of former manufacturing spaces, as they have successfully transformed numerous underutilized properties into functional and economically viable spaces.

As a key player in the commercial real estate landscape, Phoenix has established its mission to not just enhance its portfolio but also to positively impact the communities it serves through adaptive reuse of facilities that fuel local economies.

For additional information about Phoenix Investors and its ongoing projects, you can visit Phoenix Investors’ official website.

Conclusion

The acquisition of these two industrial properties marks a significant milestone for Phoenix Investors, further solidifying its position as a leader in the commercial real estate sector while demonstrating its commitment to fostering economic growth through the revitalization of communities across the United States.