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NNN Group, Inc. and Phoenix Investors, LLC Announce Sale
of Industrial Real Estate, Santa Clara, California
Ohio Investors of Wisconsin, LLC, Sells Industrial Properties Located in Santa Clara, California.
Milwaukee, Wisconsin --October 15, 2004--
Frank Crivello, Executive Vice President,
Phoenix Investors, LLC ("PI"),
www.phoenixinv.com, and NNN Group, Inc.,
www.nnn.net, ("NNN") announced that
Brian Ruf and Marnie MacMillan purchased the
industrial properties owned by Ohio Investors of
Wisconsin, LLC, its affiliate,
("Ohio") location on Thomas Road,
Santa Clara, California. Ohio was represented by
Nick Whitstone, CB Richard Ellis, www.cbre.com.
PI Executive Vice President Frank P. Crivello
stated: "SVPC Partners, LLC, our affiliate,
acquired these properties in connection with its
acquisition of the assets of SVPC Circuit
Systems, Inc. When it merged with Titan EMS,
Inc., a wholly owned subsidiary of
Ventures-National, Inc., www.titanems.com
("Titan"), we agreed to have Ohio, an
affiliate, purchase the properties and lease
them to Titan. After Titan moved from these
industrial properties to its new plant in
Fremont, California, we no longer had a
strategic need for these properties. We were
pleased to close on the sale of these
properties."
PI Managing Director David Marks stated:
"These properties ultimately did not fit
our target portfolio. After Titan vacated the
properties, we decided to sell the properties.
Nick Whitstone and CB Richard Ellis did a fine
job of marketing the properties."
About NNN Group, Inc., www.nnn.net:
NNN provides PI with real estate management
and advisory services.
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