Phoenix Investors is a privately held commercial real estate firm headquartered in Milwaukee, Wisconsin. Founded in 1994 by Frank P. Crivello, the firm began by acquiring net lease commercial real estate across the United States. In 2009, Phoenix shifted its core focus to acquiring and repositioning large, former single-tenant industrial facilities previously owned by major corporations, REITs, or financial institutions. The firm's affiliate companies hold interests in industrial, retail, office, data center, and single-tenant net-leased properties totaling 86 million square feet spanning 27 states. Phoenix targets properties greater than 200,000 square feet in emerging industrial corridors, often involving distressed assets from plant closures, environmental contamination, or deferred maintenance. The firm has expanded into data center acquisitions to support growing demand for digital infrastructure. Phoenix specializes in multi-tenant repositioning, sale-leaseback transactions, and adaptive reuse of brownfield sites. The firm was recognized as the #3 Top Owner and #9 Top Property Management Firm in the region by Midwest Real Estate News Magazine, and as the #1 Industrial Property Management Firm by the Milwaukee Business Journal. Phoenix operates over 200 properties with geographic concentration in the Midwest and Southeast, particularly Wisconsin, Michigan, Illinois, North Carolina, Mississippi, Alabama, and Tennessee. Major tenants include Stellantis through its Mopar division, which leases 2.3 million square feet across Milwaukee and Marysville facilities.