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Wisconsin company acquires former Russell Athletics Wetumpka complex Updated Dec 15, 2020; A 102 acre industrial building formerly home to Russell Athletic has been acquired by a Wisconsin-based commercial real estate firm. Phoenix Investors of Milwaukee has acquired an 891,000 square foot Class A industrial facility on Elmore Road in Wetumpka for an undisclosed amount. Russell Brands, which closed the Wetumpka plant in 2013, manufactured sports equipment and clothing. It was acquired by Fruit of the Loom in 2006. The building was constructed in the mid-90s and has 100 slots for trailer storage and adjacent land ready for expansion. Phoenix Investors founder Frank P. Crivello said the company plans to make improvements to the building and enhance its energy efficiency. Cary Cox, executive director of Elmore County Economic Development Authority, said the “immense property fits a certain niche as most companies cannot utilize a building of this size.” ....
Phoenix Investors Makes 891 KSF Alabama Industrial Buy The 102-acre property was home to Russell Brands clothing manufacturing plant until it closed in 2013. Dec112020 Image courtesy of Phoenix Investors Phoenix Investors has acquired an 891,000-square-foot Class A industrial property outside of Montgomery, Ala., from Russell Brands. Spanning three buildings on 102 acres, the site was home to the previous owner’s clothing manufacturing plant which closed in 2013. CBRE brokered the deal. The property is located at 3145 Elmore Road in Wetumpka, Ala., just off U.S. Route 14, 18 miles north of central Montgomery. Interstate 65 is 10 miles west of the parcel. A 40-acre portion of the site is available for future expansion. ....
AFFILIATE OF PHOENIX INVESTORS ACQUIRES FORMER RUSSELL BRANDS PLANT IN WETUMPKA, ALABAMA Company purchases approximately 891,000 SF News provided by Share this article Share this article WETUMPKA, Ala., Dec. 10, 2020 /PRNewswire/ An affiliate of Phoenix Investors ( Phoenix ), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it acquired a Class A industrial facility totaling approximately 891,000 square feet on 102 acres of land from Russell Brands, LLC ( Russel Brands ) located at 3145 Elmore Road in Wetumpka, Alabama (the Property ). Russell Brands previously manufactured sports equipment and clothing, marketing its products under many brands and subsidiaries, including Russell Athletic and Spalding. Formerly a publicly traded company, Russell Brands was acquired by Fruit of the Loom, a subsidiary of Berkshire Hathaway, in 2006. Russell Brands closed its plant in Wetumpka in 2013. ....