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Frank Crivello, EVP, Phoenix Investors, LLC
Announces Sale of University Square, Middletown, Ohio
Ohio Investors of
Wisconsin, LLC, sells University Square,
Middletown, Ohio
Milwaukee, Wisconsin --June
17, 2004--
Frank Crivello, Executive Vice President,
Phoenix Investors, LLC (“PI”),
www.phoenixinv.com announced that Zeus Office
Building, Inc., purchased University Square
Shopping Center owned by Ohio Investors of
Wisconsin, LLC, PI’s affiliate, in Middletown,
Ohio.
PI Executive Vice President Frank P. Crivello
stated: “We acquired this property from Mass
Mutual in 1996. As the surrounding area changed,
we converted the property to a mixed use
approach including educational and governmental
tenants. We were pleased to close on the sale of
these properties.”
PI Manager Managing Director, David
Marks stated: “Our management team saw great
potential in the redevelopment of University
Square, a shopping center previously anchored by
Target. This property is near Middletown’s
downtown, and outside the current retail
corridor.. The alternative uses for this
property made great sense. We were pleased to
sell it to Zeus Office Building, Inc.”
About Phoenix Investors, LLC, www.phoenixinv.com:
Since 1994 PI has been offering professional
management and advisory solutions to public and
private companies, trusts, and individual
investors. Our management endeavors to
understand our clients' individual needs, work
with our client to assess specific goals, and
structure investments according to our clients'
specific risk/reward profile to meet both the
clients' short term and long term needs. Our
real estate management team professionally
manages our portfolio properties through a
combination of local and national representation
in order to effectively create a
"working-bridge" between owner and
tenant, building a cooperative mutually
beneficial working relationship. Our experts
assess and refine our client's portfolio's to
maximize our clients cash flow, equity
accumulation, and internal rate of return based
upon our clients' specific dynamic goals.
Safe Harbor Statement Under the Private
Securities Litigation Act of 1995 - With the
exception of historical information, the matters
discussed in this press release are
forward-looking statements that involve a number
of risks and uncertainties. The actual future
results of the PI could differ significantly
from those statements. Factors that could cause
or contribute to such differences include, but
are not limited to assumptions relating to the
marine market and that there will be no
unanticipated material adverse change in PI's
operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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©
2004 Phoenix Investors, LLC