CHICAGO, May 4, 2016 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback of three industrial buildings to Rohrer Corporation ("Rohrer") one of which is their corporate headquarters near Cleveland, OH. The other two buildings are located in submarkets within the Chicago and Atlanta area. Rohrer is a leading producer of skin and blister packaging and the largest supplier of visual carded packaging.
"The acquisition of the Rohrer facilities was funded through our $300,000,000 net leased joint venture with one of Arch Street Capital Advisors' institutional clients," said Robert Vanecko, Brennan Investment Group's Managing Principal and the head of the firm's single-tenant, net lease division. "We are excited to add this property to our growing portfolio. We have a strong appetite for additional properties that meet our criteria."
The key criteria of Brennan's net lease joint venture are (i) location in the top 100 U.S. markets, (ii) remaining lease term of at least 13 years, (iii) non-investment grade credits will be considered, (iv) significant facility investment by the tenant, and (v) all industrial facility types, including manufacturing, assembly, R&D and distribution.
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired nearly $1.3 billion in industrial real estate. The company's current portfolio spans 21 states and encompasses nearly 23 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
For more information on Brennan Investment Group, go to brennanllc.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr
Rosemont, Illinois 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brennan-acquires-three-building-industrial-portfolio-in-chicago-cleveland-and-atlanta-300262213.html
SOURCE Brennan Investment Group