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Brennan, Arch Street Complete $100M Sale-Leaseback with BlueLinx
Chicago-based Brennan Investment Group, LLC, completed the $100-million purchase and simultaneous leaseback of four buildings to BlueLinx Corporation in a joint venture with a client of Greenwich, CT-based Arch Street Capital Advisors, LLC. The four-state portfolio totals more than 2.3 million square feet, and is geographically dispersed throughout several U.S. markets including Atlanta, Raleigh-Durham, NC, Washington, D.C. and Boston.
Brennan’s Scott McKibben says, “We acquired four strategically important facilities of BlueLinx, an established tenant with long-term commitment to the areas.”
The deal with the distributor of building and industrial products is aligned with Brennan’s strategy of acquiring single tenant, net leased, industrial assets that has brought in more than $1 billion through multiple ventures since 2011.
The properties include:
– 1712 E. D. St., Butner, NC
– 200 Hosea Rd., Lawrenceville, GA
– 4300 George Pacific Blvd., Frederick, MD
– 419 Maple St., Bellingham, MA
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
