Sep
13
Brennan, Arch Street Grab $100M Industrial Portfolio
ByIn their sixth joint venture, the partners purchased a group of assets totaling 2.5 million square feet spanning eight states. Locations include Chicago, Milwaukee, Minneapolis and more.
Brennan Investment Group and Arch Street Capital Advisors continue to expand their net-lease industrial portfolio holdings with the purchase of a 2.5 million-square-foot collection of assets spanning eight states. The partners formed their sixth industrial joint venture to acquire the properties for a total of $100 million.
Brennan and Arch Street’s attraction to the 11-building portfolio was clear. “Geographic diversity, attractive price per square-foot, attractive tenant roster. We are buying mission critical properties in good markets at a compelling price per square-foot and with the opportunity to create significant value,” Bob Vanecko, managing principal, Brennan Investment Group, told Commercial Property Executive…
