September 13, 2017 Comments (0) Views: 409 Illinois, Midwest, National News

Brennan, Arch Street Acquire $100M, 2.5M-SF, 11-Building Industrial Portfolio

Rosemont, IL-based Brennan Investment Group acquired an 11-building industrial portfolio in eight states totaling 2,497,982 square feet for $100 million. The purchase was made with a client of Greenwich, CT-based Arch Street Capital Advisors, LLC. The seller was undisclosed.

The portfolio is geographically dispersed throughout several U.S. markets, including Chicago, Milwaukee, Pittsburgh, Birmingham, Grand Rapids, Jacksonville, and Minneapolis.

Brennan Investment Group’s Michael Brennan says, “This acquisition marks our 6th joint venture together, and demonstrates the breadth and depth of our net lease platform. We have the ability to both acquire large portfolios as well as aggregate individual long-term net lease assets. Utilizing our operational expertise and network of regional offices, we can invest across the U.S. in both long and short duration net leased properties with an emphasis on mission critical assets.”

Read more at PR Newswire

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