April 7, 2020
Chicago-based Brennan Investment Group completed development of a 411,000-square-foot industrial distribution building located in Port St. Lucie, FL for City Electric Supply/Tamco. City Electric is a manufacturer and distributor of lighting and electrical equipment products sold nationally through City Electric Supply branches. The industrial facility, with more than 40,000 square feet of office, will also serve as the North American Manufacturing Headquarters for City Electric Supply.
As part of the overall transaction with City Electric Supply/Tamco, Brennan purchased five buildings in different locations throughout Port St. Lucie. Upon completion of the new facility, Tamco vacated these properties. Brennan, in turn, sold these properties to a local Florida investor through Brennan’s national buyer contacts.
Brennan Investment Group’s Troy MacMane says, “Increasingly, over the past several years, Brennan has completed more transactions designed to improve supply chain efficiency and monetize surplus assets for corporate owners.”
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