October 7, 2016
Chicago-based Brennan Investment Group LLC now owns a three, building, 192,060-square-foot industrial property in Georgetown, TX, due north of Austin. The campus is 100% leased to Manitex Inc., which provides lifting and loading products.
The price was undisclosed, with the Williamson Central Appraisal District valuing the property at 3000 S. Austin St. at $5.2 million. The seller, KRISLEE-TEXAS LLC, is owned by Robert J. Skandalaris, with Michigan-based Quantum Ventures.
The sale is Brennan’s second in the Austin area this year, and increases the company’s total Texas portfolio to 32 buildings. In February, Brennan acquired a 200,411 square foot vacant industrial facility at 101 Chisholm Trail in Round Rock, TX which is undergoing redevelopment into a food processing facility.
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