-Builds 411,000 Square Foot Distribution Facility and
-Purchases 5 Surplus Assets in Port St. Lucie
CHICAGO, April 7, 2020 /PRNewswire/ -- Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities throughout the United States, has announced the completed development of a 411,000 square foot industrial distribution building located in Port St. Lucie, Florida for City Electric Supply/Tamco, a manufacturer and distributor of lighting and electrical equipment products sold through City Electric Supply branches throughout the country. The industrial facility, with over 40,000 square feet of office, will also serve as the North American Manufacturing Headquarters for City Electric Supply.
As part of the overall transaction with City Electric Supply/Tamco, Brennan purchased five buildings in different locations throughout Port St. Lucie. Upon completion of the new facility, Tamco vacated these properties. Brennan, in turn, sold these properties to a local Florida investor through Brennan's national buyer contacts.
"We are pleased to be able to complete another complex transaction for a corporate user," said Troy MacMane, Brennan Investment Group's Southwest Managing Principal and Co-Founder. "Increasingly, over the past several years, Brennan has completed more transactions designed to improve supply chain efficiency and monetize surplus assets for corporate owners."
Brennan's platform currently covers 29 states in 68 cities, with a total of 44 million square feet. This national coverage enables Brennan to help corporations improve their supply chains and dispose of surplus assets throughout the United States.
"Corporations are the largest owners of industrial assets in the United States," said Tod Greenwood, Southwest Managing Principal and Co-Founder at Brennan Investment Group. "Brennan intends to use its national platform to bring solutions to Corporate America."
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 29 states and encompasses 44 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.
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SOURCE Brennan Investment Group