Arch Street, Brennan Sell 2 MSF Industrial Portfolio

by Taylor Williams

NEW YORK CITY AND CHICAGO — A partnership between New York City-based Arch Street Capital Advisors and Chicago-based Brennan Investment Group has sold a national portfolio of 11 industrial properties totaling approximately 2 million square feet. The sales price and buyer were not disclosed.

The partnership acquired the portfolio in 2017 for $100 million and implemented a value-add program. The assets are primarily located throughout major markets in the Midwest and Southeast, including Chicago; Minneapolis; Jacksonville, Fla.; and Birmingham, Ala.

Arch Street and Brennan launched their partnership in 2011. Since that time, the duo of investment firms has executed seven such ventures in which it acquires, operates and disposes of a portfolio of industrial assets. The partnership will continue to primarily target single-tenant, net-leased industrial assets and/or portfolios as the cornerstone of its investment strategy.

“The success of this portfolio demonstrates the unique benefits of this strategy, which provides both residual upside and consistent yield,” says Christopher Collins, vice president of asset management at Arch Street. “We continue to remain bullish on warehouse, distribution and manufacturing assets in both the U.S. and Europe.”

Arch Street is a full-service real estate investment and advisory firm that specializes in advising investors on their real estate strategies. The firm has advised its capital partners on more than $9.4 billion in
transactions since 2003. The firm manages a diverse portfolio of investments spanning multiple real estate sectors and risk-return profiles, according to its website.

Brennan, a private real estate investment firm, acquires, develops and operates industrial properties in select major metropolitan markets throughout the U.S. Since 2010, the company has acquired over $6 billion in industrial real estate. As of Jan. 16, the company’s portfolio spanned 27 states and encompassed 52 million square feet.

— Taylor Williams

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