Brennan JV Acquires GA Industrial Asset

By IvyLee Rosario

4350-4360 Ball Ground Highway in Canton, Ga.

Brennan Investment Group and a client of Arch Street Capital Advisors have acquired a single-tenant distribution center in Canton, Ga. The joint venture focuses on acquiring individual industrial assets in major markets across the U.S. that are leased on a long-term basis.

Located at 4350-4360 Ball Ground Highway, the facility comprises 477,152 square feet. The property is fully occupied by online furniture retailer Belnick Inc. 

Growing portfolio

In the last two quarters of 2017, the joint venture acquired 16 properties totaling 3.9 million square feet of industrial space. The partners have been growing the portfolio over the past five years, purchasing 95 single-tenant, net-leased assets of close to 16 million square feet. In November, Arch Street Capital and Brennan acquired Total Logistics’ Headquarters, an 86,460-square-foot industrial facility in Minneapolis suburb Oakdale, Minn.

Acquisition criteria for the companies’ venture include investments that have the following: 

• located in the top 100 U.S. markets
• remaining lease term of minimum 10 years
• non-investment grade credits
• facility investment by the tenant
• all industrial types including manufacturing, assembly, R&D and distribution

“We continue to see strong client demand and interest for industrial single-tenant, net-lease assets. In 2018, we plan to pursue additional acquisition opportunities for our single-tenant, net-lease platform,” said Gautam Mashettiwar, vice president of Arch Street Capital Advisors, in a prepared statement. 

Image courtesy of Brennan Investment Group