CHICAGO, — A joint venture of Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, and a client of Arch Street Capital Advisors, LLC, a full service real estate investment and advisory firm, announced its 10th and final acquisition in its current single-tenant, net lease industrial aggregation venture. The 1,331,727 square foot distribution facility, located at 308 South Division Street in Harvard, Illinois, is 100% leased to True Value Company, one of the world’s leading hardware wholesalers. True Value has occupied the property since 1998.
“The acquisition of the True Value 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 complete our final acquisition in this portfolio, which totals over 3.4 million square feet, and look forward to launching a new aggregation venture with Arch Street.”
“We look forward to continuing our long and successful partnership with the Brennan Investment Group and the launch of our next aggregation venture. Our institutional client base is focused on investment opportunities in the single-tenant, net-leased, industrial sector due to the strong industrial real estate fundamentals and mission-critical nature of the individual assets,” said Gautam Mashettiwar, Vice President of Arch Street Capital Advisors, LLC.
Since 2010, Brennan Investment Group and Arch Street Capital Advisors, on behalf of an institutional client, have acquired 100 single-tenant properties totaling over 20 million square feet, in 7 separate joint ventures. Brennan and Arch Street’s activity in the single-tenant, net lease sector includes:
1) USIP – Brennan Ventures I – a 20-property portfolio, comprising 2.4 million square feet leased to 12 tenants across 13 states;
2) USIP – Brennan Ventures II – a 19-property portfolio, comprising 3.9 million square feet leased to 16 tenants across 13 states;
3) USIP – Brennan Ventures III – a 24-property portfolio, comprising 3.4 million square feet leased to 20 tenants across 13 states;
4) USIPA – Brennan Ventures I – an 11-property portfolio, comprising 2.7 million square feet leased to 9 tenants across 7 states.
5) USIPA – Brennan Ventures II – a 10-property portfolio, comprising 3.4 million square feet
6) SIP – Brennan Ventures – an 11-property portfolio, comprising 2.5 million square feet
7) BIP – Brennan Ventures – a 4-property portfolio, comprising 2.3 million square feet
Brennan and Arch Street are launching an 8th venture – USIPA – Brennan Ventures III – and will continue to seek single tenant, net leased industrial investments meeting the following criteria:
(i) location in the top 100 U.S. markets,
(ii) remaining lease term of at least ten years,
(iii) non-investment grade credits,
(iv) “mission critical” properties with 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.