Frank Crivello, EVP, Phoenix Investors, LLC Announces Sale of University Square, Middletown, Ohio
Ohio Investors of Wisconsin, LLC, sells University Square, Middletown, Ohio.
Milwaukee, WI (PRWEB) July 3, 2005 --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, PIs 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, www.target.com. This property is near Middletowns 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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