Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback to F&B Manufacturing of a two-building, 79,968 square foot facility located at 4245 N. 40th Avenue in Phoenix, Arizona. F&B Manufacturing is a leading provider of highly specialized, precision component parts and sheet metal sub-assemblies for the aerospace, automotive, power generation and semi-conductor industries. The property serves as the company’s headquarters and is also utilized for manufacturing and distribution.
“We appreciate the opportunity to accommodate F&B Manufacturing’s growth through this sale-leaseback transaction,” said Ryan O’Halloran, Brennan Investment Group’s Midwest Managing Principal. “Our ability to find solutions that allow companies to grow supports our investment objective of producing stable, long-term cash flow for our investors.”
“With over 400,000 square feet in Phoenix, we are pleased to complete the acquisition and grow our presence throughout Arizona,” said Scott McKibben, Chief Investment Officer of Brennan Investment Group.