Brennan Investment Group (“Brennan”), a U.S. based real estate firm, and a client of Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut based real estate investment advisory firm, have announced the acquisition of an 11-building industrial portfolio located in 8 states and totaling 2,497,982 square feet. The portfolio is geographically dispersed throughout several top markets in the United States including Chicago, Milwaukee, Pittsburgh, Birmingham, Grand Rapids, Jacksonville, and Minneapolis. Since 2011, through multiple ventures, Brennan and Arch Street has acquired over $1 billion of single tenant, net leased, industrial assets.
“We are pleased to acquire another net leased industrial portfolio with Arch Street. This acquisition marks our 6th joint venture together and demonstrates the breadth and depth of our net lease platform. We have the ability to both acquire large portfolios as well as aggregate individual long-term net lease assets,” said Michael Brennan, Chairman and Managing Principal of Brennan Investment Group. “Utilizing our operational expertise and network of regional offices, we can invest across the U.S. in both long and short duration net leased properties with an emphasis on mission critical assets.”
“We look forward to continuing our long standing relationship with Brennan Investment Group. Our partnership continues to evolve and reflect the versatility of our net lease platform and acquisition capabilities” said Gautam Mashettiwar, Vice President of Arch Street Capital Advisors, LLC.
Brennan and Arch Street continue to seek single tenant, net leased industrial investments meeting the following criteria: