View Larger Image NEW DETAILS SURFACE OF RECENT LAND SALE IN GATEWAY BUSINESS PARK November 9th, 2021|Anthony Crivello, Articles, David Marks, Frank Crivello, Frank P. Crivello, Kurt Jensen, Milwaukee, Phoenix Team As Published by Beloit Daily News BELOIT—New details have emerged regarding the plan to develop a 56-acre property in Beloit’s Gateway Business Park following a land sale approved by the Beloit City Council. As previously reported by the Beloit Daily News, the council took action to approve the sale of 56.27 acres at 1901 Gateway Blvd. in the business park to Milwaukee-based Phoenix Investors LLC for $562,700. City of Beloit Economic Development Director Jennifer Hall said on Monday the company will build a 500,000-square-foot, Class A industrial complex in Beloit. “We are pleased that Phoenix sees such significant potential in Beloit, that they are stepping out of their standard revitalization model,” Hall said. “The Gateway Business Park continues to attract quality developments adding quality jobs for our community.” Phoenix Investors isn’t a stranger to development in Beloit. In 2017, the company acquired the former Alcoa industrial building on Reynolds Drive near the Milwaukee Road business corridor. The company renovated the 416,000-square-foot facility and filled the redeveloped space with new companies occupying the space. “Our existing projects in the Beloit region are fully leased and we have demand for additional space there from prospective industrial tenants. This project will meet the market demand,” said Phoenix Investors Chairman Frank P. Crivello. “We are grateful to the City of Beloit for its support for our project.” According to City of Beloit officials, affiliates of Phoenix also own an 815,000-square-foot industrial complex in Edgerton in northern Rock County and a 590,000-square-foot complex in Jefferson, Wisconsin that saw major renovations and are now fully occupied. Phoenix’s affiliate companies hold interests in industrial, retail, office, and single tenant net-leased properties totaling approximately 46 million square feet, spanning 28 states. Share This Story, Choose Your Platform! Facebook Twitter LinkedIn Tumblr AWARDS & RECOGNITION Phoenix Investors is honored to receive this year’s Power Broker Award from CoStarGroup for closing the highest overall transaction volume in our market. FOLLOW PHOENIX INVESTORS ON VIMEO GET UPDATES Name Email* CATEGORIES Amazon (2) Anthony Crivello (50) Articles (166) Awards (1) Coffeyville (1) David Marks (71) Delphi (7) Done Deals (1) Flint (7) Frank Crivello (74) Frank P. Crivello (130) Giving Back (22) JC Penney (4) Kurt Jensen (61) Milwaukee (110) Phoenix Team (25) Press Releases (25) Projects (30) RECENT POSTS HOW HAS COVID-19 CHANGED LOGISTICS? November 19, 2021 PREPARING U.S. INDUSTRIAL REAL ESTATE FOR A MANUFACTURING RENAISSANCE November 18, 2021 NEW DETAILS SURFACE OF RECENT LAND SALE IN GATEWAY BUSINESS PARK November 9, 2021 HOW YOUR SITE SELECTION PROCESS IMPACTS YOUR ABILITY TO HIRE November 8, 2021 HOW YOU CAN HANDLE PEAK SEASON WITH A DISRUPTED SUPPLY CHAIN November 1, 2021 POPULAR TAGS 3PL 40 Under 40 Abc12 Acquisition Alabama Arkansas Awards Bizjournal.Com Biz Times CoStar COVID-19 Cpexecutive.Com Dayton Dayton Business Journal Delphi Donald Trump Flint Fort Smith Frank P. Crivello Galesburg Georgia Giving Back Health Center Illinoise Industrial Real Estate Investors JC Penney Kenosha Kurt Jensen Logistics Maytag Milwaukee Milwaukee Business Journal Normal NREI Ohio Phoenix Phoenix Investors Revitalization South Side Supply Chain Tennessee Wauwatosa Whirlpool Wisconsin Search for: PHOENIX INVESTORS Opportunity. Execution. Value Creation. Established in 1994, Phoenix Investors is a private real estate company with over twenty-five years of experience in successfully acquiring, managing, and operating commercial real estate from coast to coast. Phoenix Investors has been recognized by CoStar Group as a Power Broker in their respective market. QUICK LINKS Phoenix Investors Properties Phoenix Logistics Employment at Phoenix Our Privacy Policy Archived Press Releases Contact LATEST NEWS HOW HAS COVID-19 CHANGED LOGISTICS? November 19, 2021 PREPARING U.S. INDUSTRIAL REAL ESTATE FOR A MANUFACTURING RENAISSANCE November 18, 2021 NEW DETAILS SURFACE OF RECENT LAND SALE IN GATEWAY BUSINESS PARK November 9, 2021 CONTACT US 401 East Kilbourn Avenue, Ste. 201 Milwaukee, Wisconsin 53202 Main Office: (414) 283-2600 Fax: (414) 283-2600 View Our Branding Guidelines View Our Brochure © Copyright 2021 | Phoenix Investors | All Rights Reserved | Powered by First Station Media Facebook Twitter Instagram LinkedIn