CHICAGO, March 13, 2017 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, and Arch Street Capital Advisors, LLC, a full service real estate investment and advisory firm, announced its 11th acquisition in its current single-tenant, net lease industrial aggregation venture. The transaction consists of the purchase, and simultaneous leaseback, to Wilbert Plastic Services of a 310,000 square foot facility located at 4221 Otter Lake Road in White Bear Lake, Minnesota. Wilbert Plastic Services, headquartered in North Carolina, is a leading supplier of plastic injection-molded and heavy gauge thermoform products and assemblies. The building serves as the company's largest thermoforming facility.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, "The Minneapolis market is one of the top industrial markets in the United States with a total inventory of over 332 million square feet and has seen 26 consecutive quarters of positive net absorption."
"Industrial real estate and the net lease industrial real estate in particular continue to garner significant interest from our foreign institutional clients as the sector has strong demand drivers due to the resurgence of US manufacturing and the growth of e-commerce," said Gautam Mashettiwar, Vice President of Acquisitions at Arch Street Capital Advisors
"The acquisition of the Wilbert Plastic Services facility was funded through our $300,000,000 net lease 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, which currently totals over 2.7 million square feet and consists of 11 assets."
Since 2010, Brennan Investment Group and Arch Street Capital Advisors, on behalf on an institutional client, have acquired 74 single-tenant properties totaling over 12 million square feet, in a series of ventures with institutional partners. Brennan and Arch Street's activity in the single-tenant, net lease sector includes:
1) US Industrial Portfolio I – a 20-property portfolio, comprising 2.4 million square feet leased to 12 tenants across 13 states;
2) US Industrial Portfolio II – a 19-property portfolio, comprising 3.9 million square feet leased to 16 tenants across 13 states;
3) US Industrial Portfolio III – a 24-property portfolio, comprising 3.4 million square feet leased to 20 tenants across 13 states;
4) US Industrial Portfolio – Aggregation – an 11-property portfolio, comprising 2.7 million square feet leased to 9 tenants across 7 states.
Brennan and Arch Street continue to seek net leased industrial investments meeting the following criteria:
(i) |
location in the top 100 U.S. markets, |
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. Brennan owns and manages an industrial portfolio with a market value in excess of $2 billion. The company's current portfolio spans 23 states and encompasses over 27 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 brennanllc.com.
About Arch Street Capital Advisors, LLC
Arch Street Capital Advisors, L.L.C. is a full service real estate investment and advisory firm formed in 2003. The firm specializes in advising international investors on their US real estate strategies and has advised clients on more than $6.0 billion of transactions. Arch Street actively manages a diverse portfolio of investments on behalf of its clients spanning multiple real estate sectors and risk-return profiles. Arch Street has significant experience in the office, multi-family, industrial, retail, hospitality, student housing, healthcare, single-family residential, land entitlement, and development sectors.
For more information on Arch Street Capital Advisors, LLC go to www.archstreetcapital.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr
Suite 750
Rosemont, Illinois 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
brennanllc.com
SOURCE Brennan Investment Group, LLC
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