Brennan And Arch Street Complete First Transaction In Newly Formed Eighth Joint Venture

Venture seeds new JV with two acquisitions, totaling 1,152,000 square feet

The Venture has $300 million in purchasing capacity

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Jun 25, 2019, 06:00 ET

CHICAGO, June 25, 2019 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a U.S. based real estate firm, and an institutional client of Arch Street Capital Advisors, LLC ("Arch Street"), a Greenwich, Connecticut based real estate investment advisory firm, have announced the formation of their 8th joint venture to acquire, own and manage a substantial portfolio of industrial properties throughout the United States. The venture will focus on acquiring individual industrial assets in major markets in the United States that are critical facilities to tenants and leased on a long-term basis.

The new venture acquired two critical regional distribution properties totaling 1,152,000 square feet in the Jacksonville and Chicago metros. The properties are 100% leased to subsidiaries of BlueLinx Holdings Inc., a leading distributor of building and industrial products in the United States, operating through a broad network of distribution centers.

"We are excited to launch our eighth venture to invest in mission critical facilities throughout the country," said Michael Brennan, Chairman and Managing Principal of Brennan Investment Group. "The United States industrial market is very strong and will likely exhibit healthy fundamentals for a long time."

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 venture seeks to build on the partners' prior success in the sector.

Anup Patel, President and Chief Investment Officer of Arch Street Capital Advisors, commented, "We look forward to continuing our long-standing partnership with Brennan Investment Group and establishing our eighth platform that will strategically acquire net-leased mission critical industrial assets."

Brennan and Arch Street continue to seek net leased industrial investments meeting the following criteria:

(i)	location in the top 100 U.S. markets,
(ii)	remaining lease term of at least 10 years,
(iii)	non-investment grade credits,
(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 $4 billion in industrial real estate. The company's current portfolio spans 30 states and encompasses over 40 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

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 U.S. real estate strategies and has advised clients on more than $7.3 billion of transactions. Arch Street actively manages a diverse portfolio of investments on behalf of our 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 please visit www.archstreetcapital.com.

Contact: Anna Mandarino, [email protected]

SOURCE Brennan Investment Group