Company to build a state-of-the-art industrial facility.
BELOIT, Wis., June 2, 2022 /PRNewswire/ — A subsidiary of Phoenix Investors (“Phoenix“), a national private commercial real estate company headquartered in Milwaukee, Wis.acquired a 56.2 acre site in the Gateway Business Park in Beloit, Wis.. Phoenix selected general contracting firm Corporate Contractors, Inc (CCI) to manage and provide construction services for the construction of a speculative 500,000 square foot industrial warehouse for a future tenant.
Phoenix and CCI collaborated with the City of Beloit on the acquisition, with the negotiations led by Jen Hall, Director of Economic Development for the City of Beloit and President and CEO of the GBEDC. His quick response to the developer and his work with community leaders helped Phoenix in the site selection process.
The site represents a prime opportunity for a future company looking for a new home: the availability of a specific building will allow a potential tenant to be at least 12 months ahead of schedule to settle or move in a constructed facility. The building’s state-of-the-art design includes 52 loading docks, potential rail access and 32 feet of clear interior height.
CCI had to deal with an accelerated schedule requirement while tackling poor subgrade and site-wide typography issues. Due to the layers of wet clay in the subsoil of the site and the uneven topography, innovative engineering solutions were implemented to allow drainage, level the site and improve load bearing. Where other companies may have feared to build there, the significant investment made by Phoenix overcoming the challenges of the site made the project possible.
The facility will be constructed using precast concrete wall panels and structural steel beams and deck. Construction began in April 2022, with occupancy scheduled for the end of 2022. A section of approximately 100,000 square feet has already been prepared and is ready for concreting work. In the process, more than 500 construction jobs will be created; future tenants can also create up to 100 local employment opportunities.
“CCI is thrilled to partner with Phoenix Investors to construct a state-of-the-art industrial building in Gateway Business Park,” said CCI’s President. Brad Austin. “They see the value of investing in the Beloit community and realize the great potential that businesses have to grow and thrive here. »
“At Beloit location in the middle of hubs like Milwaukee, Wis.; Madison, Wis.; Rockford, IL; and Chicago, ILcoupled with the facilities we have planned, make this property an incredible opportunity for the right tenant,” said Frank Crivello, by Phoenix Founder & President. “We look forward to working with CCI and the City of Beloit in the coming months to carry out this project and welcome many quality jobs to the region. »
About Phoenix Investors
Phoenix Investors is a national commercial real estate company based in Milwaukee, Wis.. by Phoenix the affiliates hold interests in approximately 52 million square feet of industrial, retail, office and net-leased properties in 29 states. Its core business is the revitalization of old manufacturing plants through United States. This strategy leads to positively transforming communities and reigniting the economic engine in the communities we serve.
For more information, please visit https://phoenixinvestors.com.
Corporate Contractors, Inc. (CCI) is a leading general contractor based in the South Wisconsin. For more than four decades, CCI has provided clients with unique insights and valuable construction solutions on a wide variety of projects of all types, sizes and complexities. With project experience in industrial, commercial, educational, multi-family, hospitality, healthcare, and more, the CCI team is passionate about providing thoughtful construction services.
Learn more by visiting https://www.cciwi.com.
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SOURCE Phoenix Investors