Phoenix Investors, LLC acquired Three Wauwatosa buildings from Briggs & Stratton Corporation for $24 million on February 24, 2022. Briggs & Stratton, LLC will lease back properties from Phoenix Investors, LLC. The center employs fewer than 50 hourly employees and most of them will be eligible to move to job openings at other Briggs facilities. Briggs has 1,244 Wisconsin employ. Briggs & Stratton, LLC receives $24 million that it can invest in the business or return to its owner, New York-based private equity firm KPS Capital Partners. CBRE Group Inc acted as broker on the transaction.

Phoenix Investors, LLC completed the acquisition of Three Wauwatosa buildings from Briggs & Stratton Corporation for $24 million on February 24, 2022.