-
Venture seeds new JV with acquisition totaling 386,705 square
feet
- The
Venture has $300 million in
purchasing capacity
ROSEMONT, Ill., July 9, 2024
/PRNewswire/ -- Brennan Investment Group ("Brennan"), a U.S. based
real estate firm, and an institutional client of Arch Street
Capital Advisors ("Arch Street"), a New
York based real estate investment advisory firm, have
announced the formation of their tenth joint venture to acquire,
own and manage a substantial portfolio of industrial properties
throughout the United States. The
venture will focus on acquiring individual industrial assets in top
industrial markets in the United
States that are mission critical facilities to tenants and
leased on a long-term basis.
The new venture acquired a critical manufacturing property
totaling 386,705 square feet in Corbin,
KY near Knoxville, TN. The
property is 100% leased to a subsidiary of Trèves Group, a leading
global auto supplier focused on automotive interiors and acoustic
environments.
"We are excited to launch our tenth venture to invest in mission
critical facilities throughout the country," said Michael Brennan, Chairman and Managing Principal
of Brennan Investment Group. "The United
States industrial market remains strong and continues to
benefit from long term secular trends including e-commerce,
automation, nearshoring, supply chain repositioning and data
centers."
Over the past 12 years, Brennan and Arch Street have
collectively acquired over 100 properties comprising nearly 25
million square feet in the single-tenant, net lease sector. The
venture seeks to build on the partners' prior success in the
sector.
Anup Patel, CEO of Arch Street,
commented, " We are excited to continue our long-standing
partnership with Brennan Investment Group and establish our tenth
platform focused on net lease mission-critical industrial assets.
The current market presents an exceptionally compelling investment
opportunity, and we remain eager to identify and execute promising
transactions."
Brennan and Arch Street continue to seek net leased industrial
investments meeting the following criteria:
(i) location in
the top 100 U.S. markets;
(ii) 15-year
minimum lease term;
(iii) non-investment grade
credits;
(iv) significant facility
investment by the tenant; and
(v) all industrial
facility types, including manufacturing, assembly, R&D and
distribution.
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment
firm, acquires, develops, and operates industrial properties in
select major metropolitan markets throughout the United States. Since 2010, Brennan
Investment Group has acquired over $4
billion in industrial real estate. The company's current
portfolio spans 27 states and encompasses over 52 million square
feet.
Brennan Investment Group co-invests with private and
institutional capital to achieve outstanding risk-adjusted
returns. The firm's management team is among the most
accomplished in its industry, having invested in over 4,000
properties covering more than 60 cities throughout the United States, Canada and Europe.
For more information on Brennan Investment Group, go to
brennanllc.com.
About Arch Street Capital Advisors
Arch Street Capital Advisors is a full-service real estate
investment and advisory firm founded in 2003. Arch Street
specializes in advising investors on their real estate strategies
and have advised capital partners on more than $9.7 billion in transactions. The firm manages a
diverse portfolio of investments spanning multiple real estate
sectors and risk-return profiles. As an organization, Arch Street
possesses significant transactional experience and expertise in
servicing the needs of a wide variety of capital partners. For more
information, please visit
www.archstreetcapital.com.
CONTACT: Ursula Walendzewicz, uwalendzewicz@brennanllc.com,
8476308722
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SOURCE Brennan Investment Group, LLC