Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its purchase, and simultaneous leaseback to Spanish manufacturer SIC Lazaro, of 138,870 square feet at 7044 North Teutonia Avenue in Milwaukee, Wisconsin. SIC Lazaro is a leading international producer of counterweight products, including container ship ballasts, and crane and elevator weights with operations in Europe, Brazil, China, and North America.
“In 2013, we successfully closed 28 long-term net-lease investments and sale-leasebacks across the United States, demonstrating our ability to source transactions at attractive yields in established industrial markets,” said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group. “The resurgence in U.S. manufacturing should lead to additional compelling investment opportunities for us in 2014.”
“Finding solutions that allow companies to grow by concentrating on their core competencies is a top priority,” said Scott McKibben, Midwest Managing Principal and Co-Founder of Brennan Investment Group. “We appreciate the opportunity to work with SIC Lazaro.”
Sam Dickman Jr., Sam Dickman Sr., and Anthony Heunerbein, of The Dickman Company, Inc. in Milwaukee, Wisconsin, were the brokers involved in the transaction.