Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase of 1865 Industrial Drive in Grand Haven, Michigan. The property consists of 90,121 square feet and serves as the headquarters and manufacturing plant of Lakeshore Fittings, a high-speed machining facility specializing in brass and aluminum machined components and fittings. Lakeshore Fittings has been in the building since it was built in 1989.
“We acquired the mission critical facility of Lakeshore Fittings, a strong tenant with a long-term commitment to the West Michigan area,” said Kevin Brennan, Managing Principal at Brennan Investment Group. “We appreciate the opportunity to work with Lakeshore Fittings and are excited to add this property to our growing portfolio.”
Scott McKibben, Chief Investment Officer at Brennan Investment Group stated, “This acquisition is illustrative of our criteria to acquire stabilized, mission-critical industrial assets at a low basis in infill markets. It also supports our investment objective of producing stable, long-term cash flow for our investors.”