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Phoenix Investors Buys Former Amazon.com Center in Kansas
Milwaukee real estate firm Phoenix Investors added a former Amazon.com Inc. warehouse in Kansas to its growing national portfolio of industrial buildings.
Beyond buying the 880,000-square-foot industrial facility that Amazon.com vacated in 2015, Phoenix Investors has lined up a new company to move in. Array Technologies of Albuquerque, New Mexico, will lease the entire Coffeyville building to distribute its equipment that tracks sunlight to orient solar cells.
Phoenix Investors now holds about 29 million square feet of buildings, largely industrial, in 23 states. It specializes in buying empty industrial facilities that have been left behind by corporate users and rehabbing them for new occupants.
The company has grown in recent years. Phoenix Investors reported about 14 million square feet in its portfolio at the end of 2016.
Mr. Frank P. Crivello began his real estate career in 1982, focusing his investments in multifamily, office, industrial, and shopping center developments across the United States. From 1994 to 2008, Mr. Crivello assisted Phoenix Investors in its execution of its then business model of acquiring net lease commercial real estate across the United States. Since 2009, Mr. Crivello has assisted Phoenix Investors in the shift of its core focus to the acquisition of industrial real estate throughout the country.
Given his extensive experience in all aspects of commercial real estate, Mr. Crivello provides strategic and operational input to Phoenix Investors and its affiliated companies.
Mr. Crivello received a B.A., Magna Cum Laude, from Brown University and the London School of Economics, while completing a double major in Economics and Political Science; he is a member of Phi Beta Kappa. Outside of his business interests, Mr. Crivello invests his time, energy, and financial support across a wide net of charitable projects and organizations.