Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced the sale of 1680 Carillon Boulevard in Forest Park, Ohio, a suburb of Cincinnati. The 149,760 square foot institutional quality facility was designed and constructed for National Bedding Company, LLC (“NBC”) in 2004.
The Class A industrial facility is 100% leased to National Bedding Company under a long term net lease. NBC uses the facility to assemble and distribute Serta mattresses. The acquisition also included additional land for future expansion of the building.
“Brennan Investment Group’s general approach is to recycle capital after completion of our asset management plans. We remain active, and interested, in investing in other opportunities throughout the greater Cincinnati and Northern Kentucky markets”, said Scott McKibben, Co-founder and Managing Principal for Brennan Investment Group.
Ted Staszak and Mike Caprile, of CBRE, represented Brennan on the transaction.