Brennan Investment Group in partnership with Arch Street Capital Advisors has purchased a portfolio of eight industrial buildings totaling more than 1.6 million square feet on 221.8 acres from a 100-year-old Tier 1 & Tier 2 critical-parts supplier to the automotive, commercial truck, industrial, and agricultural industries.
National Foundry and Manufacturing Co. was the seller. The sales price was not disclosed.
The buildings are utilized as foundries and will be leased back for 25 years. The properties are located in the Midwest and Southwest, spread across six states.
“These foundry facilities are critical infrastructure assets to several industries, including automobile and light-truck manufacturers. The company’s customers include Daimler, Volvo, Caterpillar, John Deere, Ford, and General Motors,” said Michael W. Brennan, chairman and managing principal of Brennan Investment Group. “We are excited to close on our ninth venture with the Arch
