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Brennan Completes Sale-Leaseback Transaction in Lakeland, Florida

Acquisition increases Brennan's Florida and Southeast Region Portfolio to 22 Buildings Comprising 3,325,700 Square Feet

Chicago, November 04, 2014

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 manufacturer Structall Building Systems, Inc. (“Structall”), of 113,308 square feet at 5120 Great Oak Drive, Lakeland, Florida.  Structall is an industry leader in aluminum building supplies and laminated panels.

“We acquired a mission critical facility of Structall Building Systems, an established tenant with a long-term commitment to the Lakeland area,” said Bob Krueger, Southeast Managing Principal for Brennan Investment Group. “We appreciate the opportunity to accommodate Structall’s growth through this sale-leaseback transaction”.

“Lakeland, Florida is in the heart of the I-4 corridor, between Tampa and Orlando, and serves as one of Florida’s key distribution hubs for both consumer goods as well as commercial and residential building supplies,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.  “This acquisition reaffirms our commitment to acquire stabilized, mission-critical industrial assets throughout the United States.”

Ed Miller and Dee Seymour with Colliers International were the brokers involved in the transaction.