Brennan Acquires Distribution Facility In Minneapolis

CHICAGO, Feb. 16, 2015 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced the acquisition of a 355,185 square foot distribution facility in New Hope, Minnesota, a submarket within the greater St. Paul/Minneapolis market, leased to Dedicated Logistics Warehousing, LLC, a warehousing, fleet management, and logistics company. The facility serves as the company's warehouse and distribution center and facilitates Dedicated's delivery of a full suite of transportation and logistics solutions to a wide variety of customers.

The greater Minneapolis market place has seen 17 consecutive quarters of positive net absorption, with an overall occupancy of 94.8%.

"The acquisition of the Dedicated Logistics facility was funded through our recently launched $300,000,000 net leased joint venture with one of Arch Street Capital Advisors' institutional clients," said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group.  "We are excited to add this property to our growing portfolio."

"We continue to seek investments in mission critical facilities and expect our acquisition volumes will significantly exceed 2014 levels," said Robert Vanecko, Brennan Investment Group's Managing Principal and the head of the firm's single-tenant, net lease division.

The key criteria of Brennan's net lease joint venture are (i) location in the top 100 U.S. markets, (ii) remaining lease term of at least 13 years, (iii) strong credit, with non-investment grade credit permitted, (iv) significant facility investment by the tenant, and (v) all industrial facility types will be considered, including manufacturing, assembly, R&D and distribution.

About Brennan Investment Group

Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $800 million in industrial real estate. The company's current portfolio spans 22 states and encompasses over 20 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.

For more information on Brennan Investment Group, go to www.brennanllc.com.

SOURCE Brennan Investment Group

Related Links

http://www.brennaninvestmentgroup.com

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