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Brennan and Arch Street Acquire 16th STNL Property in 6 Months

Brennan and Arch Street have acquired 3,929,951 square feet in the past six months

Chicago, January 17, 2018

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, acquire, own and manage a substantial portfolio of industrial properties throughout the United States through their joint venture. The venture focuses on acquiring individual industrial assets in major markets in the United States that are critical facilities to tenants and leased on a long-term basis. The most recent acquisition was a 477,152 square foot single-tenant distribution facility located at 4350-4360 Ball Ground Highway in Canton, Georgia, and is 100% occupied by Belnick, Inc., a large internet furniture retailer.

In the last half of 2017, Brennan and Arch Street have already purchased 16 properties and 3,929,951 square feet of industrial real estate throughout the United States.

Over the past five years, Brennan and Arch Street have collectively acquired 95 properties comprising nearly 16 million square feet in the single-tenant, net lease sector. The venture seeks to build on the partners’ prior success in the sector.

“The acquisition of the Belnick facility was funded through our $300,000,000 net lease joint venture with one of Arch Street Capital Advisors’ institutional clients,” said Robert Vanecko, Brennan Investment Group’s Managing Principal and the head of the firm’s single-tenant, net lease division.

“We continue to see strong client demand and interest for industrial single-tenant, net-lease assets.  In 2018, we plan to pursue additional acquisition opportunities for our single-tenant, net-lease platform,” said Gautam Mashettiwar, Vice President of Arch Street Capital Advisors, LLC.

Brennan and Arch Street continue to seek net leased industrial investments meeting the following criteria:

  • location in the top 100 U.S. markets,
  • remaining lease term of at least 10 years,
  • non-investment grade credits,
  • significant facility investment by the tenant, and
  • all industrial facility types, including manufacturing, assembly, R&D and distribution.