June 26, 2019
Brennan Investment Group and an institutional client of Arch Street Capital Advisors have formed their eighth joint venture to acquire, own and manage industrial properties nationwide.
Chicago-based Brennan and Greenwich, CT-based Arch Street have gotten the JV underway by acquiring two regional distribution properties totaling 1,152,000 square feet in the Jacksonville, FL and Chicago metros. Both properties are 100% leased to subsidiaries of BlueLinx Holdings Inc., a leading distributor of building and industrial products.
“The United States industrial market is very strong and will likely exhibit healthy fundamentals for a long time,” said Michael Brennan, chairman and managing principal of Brennan Investment Group.
Over the past six years, Brennan and Arch Street have collectively acquired 102 properties comprising nearly 22 million square feet in the single-tenant, net lease sector. The latest JV seeks to build on the partners’ prior successes.
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