Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities across the United States, announced the acquisition of a 202,000-square-foot industrial manufacturing facility located in the Knoxville, Tenn., MSA.
The facility sits on 42 acres and is positioned within the Greater Knoxville industrial market, a growing hub for automotive, marine and advanced manufacturing. The property offers access to Interstate 75, I-40, McGhee Tyson Airport and the Port of Tellico.
The property is 100 percent leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a newly executed 20-year absolute net lease. The facility is considered mission critical, as it is one of only two seating manufacturing plants operated by CVG in the United States.
“We were able to structure a compelling sale-leaseback with a long-term commitment from the tenant, while acquiring the asset at an a
