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Phoenix Investors, LLC
Announces Sale of Commercial Complex in
Milwaukee, Wisconsin
Forest Home Investors I,
LLC sold former shopping center to Aurora Health
Care, Inc.
Milwaukee, Wisconsin --April
7, 1999--
Frank Crivello, Executive Vice President,
Phoenix Investors, LLC (“PI”),
www.phoenixinv.com , announced that Aurora Health
Care, Inc.,
www.aurorahealthcare.com, (“Aurora”)
purchased the property owned by Forest Home
Investors I, LLC, PI’s its affiliate, at 3305 W.
Forest Home Avenue, Milwaukee, Wisconsin. Mr.
Jack Price, Boerke Company,
www.boerke.com, represented Aurora.
PI Executive Vice President Frank P. Crivello
stated: “We successfully converted this property
from a retail shopping center to Aurora’s
service center. It was a creative re-use of
obsolete retail property. We wish Aurora well.
We are pursuing similar opportunities across the
United States.”
PI Manager Managing Director President David
Marks stated: “Our management team including
Frank Crivello saw great potential in the
redevelopment of Forest Home Plaza, a shopping
center previously anchored by Pick’n Save Foods.
This property is on the border of Aurora’s St.
Luke’s Medical Center Campus. Their use of this
complex for their backroom operations made great
logistical and operational synergies sense.
Aurora determined it made more economic sense to
own the complex rather than lease the building.
Aurora and Jack Price were a pleasure to work
with.”
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