Brennan Investment Group Completes Acquisition Of Dayco Products Production Facility

CHICAGO, Feb. 20, 2014 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced today its acquisition of Dayco Products' Detroit production and distribution facility located at 16000 Common Road in Roseville, Michigan.  Dayco Products, a national leader in automotive belts, hoses, tensioners, and pulleys, has operated from the property since 2009.

"The recovery in the U.S. auto manufacturing industry has driven up demand for industrial manufacturing space throughout many of Detroit's industrial submarkets," said Scott McKibben, Managing Principal and Co-Founder of Brennan Investment Group.  "The Macomb County submarket, which encompasses Roseville, is no exception and has seen rapidly declining vacancy rates post-recession.  This acquisition reaffirms our commitment to acquire stabilized, mission-critical industrial assets throughout the country, including the Midwest."

"We acquired a mission critical facility of Dayco Products, a strong tenant with a long-term commitment to the Detroit area," said Ryan O'Halloran, Vice President of Acquisitions for Brennan Investment Group.  "We appreciate the opportunity to work with Dayco Products and look forward to satisfying their future space needs."

Patrick Shannon and Mike Davidson, of Newmark Grubb Knight Frank, were the brokers involved in the transaction.

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 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 further information, please visit www.brennanllc.com

SOURCE Brennan Investment Group

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