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Chicago & Midwest  + Illinois  + Industrial  |  June 26, 2019
Paul Bubny
By: Paul Bubny

Brennan, Arch Street Form 8th Industrial JV

Brennan Investment Group and an institutional client of Arch Street Capital Advisors have formed their eighth joint venture to acquire, own and manage industrial properties nationwide.

Chicago-based Brennan and Greenwich, CT-based Arch Street have gotten the JV underway by acquiring two regional distribution properties totaling 1,152,000 square feet in the Jacksonville, FL and Chicago metros. Both properties are 100% leased to subsidiaries of BlueLinx Holdings Inc., a leading distributor of building and industrial products.

“The United States industrial market is very strong and will likely exhibit healthy fundamentals for a long time,” said Michael Brennan, chairman and managing principal of Brennan Investment Group.

Over the past six years, Brennan and Arch Street have collectively acquired 102 properties comprising nearly 22 million square feet in the single-tenant, net lease sector. The latest JV seeks to build on the partners’ prior successes.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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