Brennan Enters Into Partnership to Redevelop Lexington Distillery District

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Jan 26, 2011, 02:36 ET

CHICAGO, Jan. 26, 2011 /PRNewswire/ -- The Brennan Investment Group and the Lexington Distillery District have entered into a strategic partnership to redevelop fifteen acres of land, and nine industrial properties, adjacent to the central business district in Lexington, Kentucky. The partnership combines the Brennan Investment Group's extensive real estate expertise with the Lexington Distillery District's existing management team. This strategic alliance complements the existing development plans that have been in the works for the past several years. "Partnering with the Brennan Investment Group allows us to better address the interim business needs while at the same time continuing to pursue the long term development vision," stated Barry McNees, Lexington Distillery District partner.

The Brennan Investment Group is based in Chicago and has a proven track record of success in pursuing both short and long term strategies for value creation. The principals of the nationally known firm have had success in surrounding markets including Louisville, Memphis, Cincinnati and many others in this region of the country.

"I'm excited to see the interest of national firms like Brennan Investment Group in Lexington and the Distillery District," Mayor Jim Gray said. "This partnership is an important step in realizing the potential of the Distillery District to create an authentic, unique destination that will contribute to the revitalization of downtown Lexington."

Vice Mayor Linda Gorton agreed. "The Distillery District redevelopment will create jobs, infuse energy into the West end of downtown Lexington and serve as a fine example of how to re-use historic buildings," Gorton said. "I am very pleased the Brennan Investment Group will be a partner in this important project."

Brennan Investment Group will collaborate in the redevelopment of the District's assets, including supplying capital and development expertise for approved, new, build–to-suit projects. "We are gratified to have been provided the opportunity to help realize the vision for this key district of Lexington, Kentucky," commented Michael Brennan, Managing Principal and Chairman of Brennan Investment Group.

The long-term vision of transforming the Manchester Street corridor into a mixed-use re-development remains unchanged.

About Brennan Investment Group

Brennan Investment Group is a private real estate investment firm that co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The principals of Brennan Investment group have extensive experience in all aspects of commercial real estate including transactions encompassing over 4,000 properties in 60 cities across the United States, Canada and Europe.

www.brennaninvestmentgroup.com

About the Lexington Distillery District

The Lexington Distillery District is an adaptive reuse project in Lexington, Kentucky. The District begins at a key intersection of the Newtown Pike Extension (NPE), Lexington's largest roadway project in a generation.

www.lexingtondistillerydistrict.com

SOURCE Brennan Investment Group