Brennan Adds To Its Dallas Portfolio

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Jun 08, 2015, 06:00 ET

CHICAGO, June 8, 2015 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback to Arbor Metals, LLC ("Arbor") located at 811 Regal Row in Dallas, Texas. Arbor is an international trader, processor and stocking metal service center for stainless steel and aluminum strip and coil. The building serves as the company's headquarters and sole manufacturing facility.

Troy MacMane, Co-Founder and Managing Principal of Brennan Investment Group stated, "The Dallas/ Fort Worth market has demonstrated strong fundamentals, evidenced by 18 consecutive quarters of positive net absorption year-to-date, and an overall occupancy of 92.7%. This quarter saw 6 million square feet in absorption compared to 2.3 million square feet in Q4 2014."

This acquisition increases Brennan's Southwest region portfolio to 21 buildings.

"The acquisition of the Arbor Metals facility was funded through our $300,000,000 net leased joint venture with one of Arch Street Capital Advisors' institutional clients," said Robert Vanecko, Brennan Investment Group's Managing Principal and the head of the firm's single-tenant, net lease division. "We are excited to add this property to our growing portfolio."

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) non-investment grade credits will be considered, (iv) significant facility investment by the tenant, and (v) all industrial facility types, 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 $1 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses over 21 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.

Brennan Investment Group, LLC

9450 W. Bryn Mawr
Suite 750
Rosemont, Illinois 60018

Tel +1 847-813-6800
Fax +1 847-257-8888
www.brennanllc.com

SOURCE Brennan Investment Group