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Brennan and Arch Street acquires Georgia facility


Georgia. Currently, the property is occupied by internet furniture retailer Belnick. No financial terms were disclosed. CHICAGO, Jan. 16, 2018 /PRNewswire/ — Brennan Investment Group (“Brennan”), a U.S. based real estate firm, and a client of Arch ...


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Brennan Investment Group and a client of Arch Street Capital Advisors LLC have acquired a 477,152 square foot single-tenant distribution facility in Canton, GeorgiaCurrently, the property is occupied by internet furniture retailer BelnickNo financial terms were disclosed. Continue reading on PE HUB said: Brennan Investment Group and a client of Arch Street Capital Advisors LLC have acquired a 477,152 square foot single-tenant distribution facility in Canton, GeorgiaCurrently, the property is occupied by internet furniture retailer BelnickNo financial terms were disclosed. PRESS RELEASE CHICAGO, Jan16, 2018 /PRNewswire/ — Brennan Investment Group (“Brennan”), a U.Sbased real estate firm, and a client of Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut based real estate investment advisory firm, acquire, own and manage a substantial portfolio of industrial properties throughout the United States through their joint ventureThe venture focuses on acquiring individual industrial assets in major markets in the United States that are critical facilities to tenants and leased on a long-term basisThe most recent acquisition was a 477,152 square foot single-tenant distribution facility located at 4350-4360 Ball Ground Highway in Canton, Georgia, and is 100% occupied by Belnick, Inc., a large internet furniture retailer. In the last half of 2017, Brennan and Arch Street have already purchased 16 properties and 3,929,951 square feet of industrial real estate throughout the United States. Over the past five years, Brennan and Arch Street have collectively acquired 95 properties comprising nearly 16 million square feet in the single-tenant, net lease sectorThe venture seeks to build on the partners’ prior success in the sector.

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