Milwaukee-based Phoenix Investors, LLC is assembling land in Mount Pleasant to develop an industrial park, according to village officials.
The commercial real estate firm already owns 44 acres on Highway 11 in Mount Pleasant and has made an offer to purchase another 10.6 acres from the village, adjacent to the parcel, said Logan Martin, community development director with the village.
The land is located on the north side of Highway 11 (Durand Avenue) at Cottage Drive, about one and a half miles west of Regency Mall.
“Phoenix Investors has approached us about acquiring the property to merge with their existing property,” Martin said. “They are planning to do an industrial development at the site.”
Phoenix Investors has not yet submitted plans for the site and could not be reached for comment.
Martin did not disclose a purchase price for the village land.
The village plan commission will vote on the sale at its March 16 meeting.
During a December interview with BizTimes, David Marks, managing director of Phoenix Investors, said the company continues to be on a rapid growth trajectory. Its footprint has expanded to encompass approximately 8 million square feet in 19 states.
Phoenix Investors recently relocated from Farwell Avenue to 401 E. Kilbourn Ave., in downtown Milwaukee to accommodate employee growth.