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Phoenix Investors has acquired three industrial properties totaling approximately 3.1 million square feet. The company bought a nine-building, 750,000-square-foot campus in Milwaukee from Regal Rexnord. The asset changed hands for $9 million, according to Milwaukee Business Journal. The other two properties were sold by a subsidiary of Stellantis and are in Milwaukee and Marysville, Mich.

Cushman & Wakefield brokered the Stellantis transaction, while First Financial Bank provided acquisition financing for the Regal Rexnord sale. These purchases brought Phoenix Investors’ national portfolio to more than 80 million square feet.