Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced the sale of 1870 General George Patton Drive in Franklin, Tennessee, in the Cool Springs submarket within the greater Nashville Metropolitan area. Brennan Investment Group owned the property in partnership with investor clients of Gatehouse Financial Group, an investment and banking services group of companies advised in the U.S. by Arch Street Capital Advisors, LLC.
This property was originally purchased in 2013 as part of a 25-building industrial portfolio in a joint venture with subsidiaries of Gatehouse.
“Brennan Investment Group is an active manager of its investment holdings, selling assets opportunistically, or at the completion of our asset management plan,” said Eric Clausen, Vice President of Asset Management for Brennan Investment Group. “We were pleased to conclude this user sale for our partnership, which is a prime example of our proactive approach to investment management.”
Todd Prevost and Jody Elder, of Avison Young, represented Brennan Investment Group in this transaction, and Tim Stowell, of Corporate Real Estate Advisors, represented the purchaser.