Continues its aggregation strategy in strong
regional markets
NASHVILLE, Tenn., May 20, 2024
/PRNewswire/ -- Brennan Investment Group, a leading private real
estate investment firm specializing in the acquisition,
development, and operation of industrial facilities across
the United States, has acquired
two distribution facilities totaling 221,000 square feet located at
5006 Harding Place in Nashville,
Tennessee. The two buildings are fully leased to seven
tenants. The infill property is located seven miles southeast of
downtown Nashville, two miles from
Nashville International Airport,
and less than one mile from Interstate-24. This location provides
convenient access to Nashville's
three major Interstate routes.
"This investment fits Brennan's strategy to acquire functional
assets in high-growth, land-constrained markets throughout
the United States," offered
Andrew Mazey, Brennan's
Vice-President for the Nashville Region. "Nashville was the fourth fastest-growing MSA
in the country over the last twelve years, and we expect this
growth trend to continue. Nashville's high barriers for infill
industrial development will accentuate Harding Place's last-mile
advantage and should ensure strong operational performance for this
asset."
"We are excited to add this asset to our Nashville portfolio, which marks Brennan's
fifth investment in Nashville
since 2019," said Kevin Brennan,
Co-Founder and Chief Investment Officer of Brennan Investment
Group. "Nashville is a market in
which Brennan continues to make significant investments and follows
our successful formula for capital allocation: invest in markets
with strong demographics led by an experienced, local, market
leader."
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 $6.5
billion in industrial real estate. The company's current
portfolio spans 27 states and encompasses 56.5 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 5,000 properties covering more
than 60 cities throughout the United
States, Canada and
Europe.
For more information on Brennan Investment Group, go to
www.brennanllc.com
CONTACT: Ursula Walendzewicz,
uwalendzewicz@brennanllc.com, 8476308722
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SOURCE Brennan Investment Group, LLC