Brennan and Arch Street acquire four-building industrial portfolio

Brennan Investment Group has purchased and simultaneous leaseback of four buildings to BlueLinx Corp. in a joint venture with a client of Arch Street Capital Advisors.

The portfolio, located in four states and totaling more than 2.3 million square feet, is geographically dispersed throughout several top markets in the United States including Boston, Raleigh-Durham, Atlanta, and Washington, D.C.

Brennan and Arch Street continue to seek single tenant, net leased industrial investments meeting the following criteria:

• location in the top 100 U.S. markets,
• remaining lease term of at least ten years,
• non-investment grade credits, “mission critical” properties with significant facility investment by the tenant, and
• all industrial facility types, including manufacturing, assembly, R&D and distribution.