Brennan Pays $26M for Industrial Site in Nashville

Chicago-based Brennan Investment Group paid $25.9 million for a two-building industrial site in the Antioch neighborhood of Nashville. The firm purchased the two-warehouse complex, located at 5006 Harding Place, reported to the Nashville Business Journal. The transaction was accompanied by a $20.08 million loan from Associated Bank.

The sellers were local real estate firm Jim Crossman Realty and David Rawlings, who purchased the Antioch site in 2006 for $5.66 million. CBRE’s Jack Armstrong, Will Goodman and Steve Preston represented Brennan in the purchase. Ben McKnight and Mike Russell of Nashville-based Horrell Company represented the seller.

The 9.11-acre site has two distribution facilities totaling nearly 221,000 square feet. The buildings are fully leased with seven tenants. Brennan also recently started construction on an industrial building situated on 24.18 acres in Laredo, Texas.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!