{"id":1004190299,"date":"2017-09-13T03:40:25","date_gmt":"2017-09-13T11:40:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190299"},"modified":"2022-12-07T07:39:36","modified_gmt":"2022-12-07T15:39:36","slug":"brennan-arch-street-grab-100m-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/","title":{"rendered":"Brennan, Arch Street Grab $100M Industrial Portfolio"},"content":{"rendered":"<p>by Barbra Murray<\/p>\n<div id=\"attachment_1004190310\" style=\"width: 380px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190310\" data-attachment-id=\"1004190310\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/5460-executive-parkway-grand-rapids-mich-courtesy-of-brennan-investm\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;DMC-GH3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1450356304&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;21&quot;,&quot;iso&quot;:&quot;800&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"5460 Executive Parkway, Grand Rapids, Mich., courtesy of Brennan Investm&#8230;\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg?w=800\" class=\"wp-image-1004190310\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg\" alt=\"Executive Parkway, Grand Rapids, Mich.\" width=\"370\" height=\"286\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/a><p id=\"caption-attachment-1004190310\" class=\"wp-caption-text\">Executive Parkway, Grand Rapids, Mich.<\/p><\/div>\n<p>Brennan Investment Group and Arch Street Capital Advisors continue to expand their net-lease industrial portfolio holdings with the purchase of a 2.5 million-square-foot collection of assets spanning eight states. The partners formed their sixth industrial joint venture to acquire the properties for a total of\u00a0$100 million.<\/p>\n<p>Brennan and Arch Street\u2019s attraction to the 11-building portfolio was clear. <em>\u201cGeographic diversity, attractive price per square-foot, attractive tenant roster. We are buying mission critical properties in good markets at a compelling price per square-foot and with the opportunity to create significant value,\u201d<\/em> Bob Vanecko, managing principal, Brennan Investment Group, told <em>Commercial Property Executive<\/em>.<\/p>\n<p>Top Midwest metros such as Chicago, Milwaukee and Minneapolis are well represented in the portfolio. The locations include\u00a01741 165th St. in Hammond, Ind., just outside Chicago; 5000 S. Towne Drive and 2855 S. James Drive in New Berlin, and 3545 Nicholson Road. in Caledonia, Wisc.; 6250 Ridgewood Road. in St. Cloud, and 7600 49th Avenue North in New Hope, Minn. The Heartland segment of the portfolio is completed by 5460 Executive Parkway. in Grand Rapids, Mich., and 1100 E. LeClaire Road. in Eldridge, Iowa, near Davenport. And rounding out the group are 1608 Frank Akers Drive. in Anniston, Ala., in the greater Birmingham area.; suburban Pittsburgh\u2019s 400 Hunt Valley Roadd. in New Kensington, Penn.; and 7660 Centurion Parkway. in Jacksonville, Fla. The portfolio\u2019s tenant roster features private middle market companies and several large, blue-chip names.<\/p>\n<h2><strong>Joint Ventures, Joint Successes<\/strong><\/h2>\n<p>Brennan and Arch Street have been partnering on transactions for years, they\u2019ve purchased in excess of $1 billion of single-tenant, <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-buys-multi-state-industrial-portfolio\/\">net-leased industrial properties<\/a> in joint ventures together since 2011.<\/p>\n<p><em>\u201cFinding the right tenant basis, functional buildings, geographic diversity and favorable transactional circumstances\u201d<\/em> is no simple task, Vanecko said. <em>\u201cThe challenge is that our investment standards are high so we have to sort through a lot of deals, make a lot of offers and work through a lot of complex challenges in order to find deals that work.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In their sixth joint venture, the partners purchased a group of assets totaling 2.5 million square feet spanning eight states. Locations include Chicago, Milwaukee, Minneapolis and more.<\/p>\n","protected":false},"author":969,"featured_media":1004190310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21783,23891],"tags":[37542,33335],"class_list":["post-1004190299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-investment","category-national","tag-arch-street-capital-advisors","tag-brennan-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brennan, Arch Street Grab $100M Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan, Arch Street Grab $100M Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"In their sixth joint venture, the partners purchased a group of assets totaling 2.5 million square feet spanning eight states. Locations include Chicago, Milwaukee, Minneapolis and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-13T11:40:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:39:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5460-Executive-Parkway-Grand-Rapids-Mich.-courtesy-of-Brennan-Investm....jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-grab-100m-industrial-portfolio\/\",\"name\":\"Brennan, Arch Street Grab $100M Industrial Portfolio - 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