Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of 1000 Evenflo Drive in Ball Ground, Georgia, part of Atlanta’s Northwest Industrial Submarket. The property is a 364,000 square foot Class A industrial facility which is 100% leased to SMB Machinery Systems and Meyn America. Headquartered in the Netherlands, Meyn is a global leader in the poultry processing solutions business, and was recently acquired by CTB, Inc., a wholly-owned subsidiary of Berkshire Hathaway (NYSE: BRK-A). 1000 Evenflo Drive is Meyn’s North American Headquarters facility. SMB Machinery Systems is a national leader in the hospitality and beverage equipment business, and is corporately headquartered in the property.
“Atlanta is an important industrial market, with over 605 million square feet, demonstrating its role as the transportation hub of the Southeastern United States,” said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group. “Its demographics and diversity should insure the long term growth of its economy.”
“The facility is both flexible and well designed, and will allow our tenants, Meyn and SMB, to operate their businesses here for many years to come,” said Bob Krueger, Southeast Managing Principal and Co-Founder of Brennan Investment Group. “This acquisition is illustrative of Brennan Investment Group’s ability to acquire mission critical facilities in major metropolitan markets.”
Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, Florida, Washington D.C., Northern New Jersey, Atlanta, and Midwestern industrial markets.”
Kevin Markwordt of Transwestern in Atlanta represented the seller in the transaction.