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Brennan Inks Third Sale-Leaseback with BlueLinx
Brennan Investment Group executed on a four-building sale-leaseback with BlueLinx, a leading distributor of building and industrial products in the United States. The four critical distribution facilities are located in the metro areas of Kansas City, Nashville, Richmond and St. Louis, with combined square footage of 783,889 square feet.
Deal terms weren’t disclosed. This marks Brennan’s third SLB transaction with BlueLinx within the past two years. It follows a 1,132-753-square-foot deal last year, and one for 2.3 million square feet in 2018.
“This acquisition demonstrates our ability to structure real estate solutions for corporate tenants, as well as meet Brennan’s objective of producing stable cash flow and higher risk adjusted returns for our investors,” said Scott McKibben, CIO and managing principal at Brennan.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Lease
