{"id":1004260928,"date":"2018-08-29T04:05:35","date_gmt":"2018-08-29T12:05:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004260928"},"modified":"2022-12-08T10:01:11","modified_gmt":"2022-12-08T18:01:11","slug":"brennan-arch-street-buy-multi-state-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/","title":{"rendered":"Brennan, Arch Street Buy Multi-State Industrial Portfolio"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004260931\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004260931\" data-attachment-id=\"1004260931\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/2430-e-glendale-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2430 E. Glendale Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2430 E. Glendale Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg?w=800\" class=\"wp-image-1004260931 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\" alt=\"2430 E. Glendale Ave.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004260931\" class=\"wp-caption-text\">2430 E. Glendale Ave.&nbsp;in Appleton, Wis.<\/p><\/div>\n<p>Brennan Investment Group and an institutional client of Arch Street Capital Advisors have added approximately 500,000 square feet to their joint venture holdings. The partners recently acquired a three-property portfolio, located in Wisconsin and Pennsylvania.&nbsp;Progressive Converting Inc.&nbsp;occupies the portfolio in its entirety.<\/p>\n<p>Brennan hasn\u2019t publicized the identity of the seller; however, the company confirmed to <em>Commercial Property Executive<\/em> that the transaction was not a sale-leaseback arrangement with Pro-Con.<\/p>\n<p>The portfolio assets include the paper converting company\u2019s suburban Green Bay corporate headquarters at 2430 E. Glendale Ave. in Appleton, Wis., as well as a manufacturing facility just across the street 2441 E. Glendale Ave. Completing the group is a manufacturing building at 9 Maplewood Drive in Hazleton, Pa. <em>\u201cThe properties are located in strong manufacturing areas in top 100 U.S. markets and are mission critical facilities for the tenant,&#8221;<\/em> Scott McKibben, chief investment officer at Brennan Investment Group, said in a prepared statement.<\/p>\n<h2>Partnership purchases<\/h2>\n<p>Brennan and Arch Street financed the Pro-Con portfolio purchase with proceeds from their $300 million net leased joint venture, which targets the full range of industrial property types. Beyond the aforementioned location requirement, the partners\u2019 list of criteria for potential acquisitions includes a minimum 13-year remaining lease term and significant facility investment by the tenant.<\/p>\n<p>The Brennan-Arch Street joint venture transactions in 2018 include a 2.3 million-square-foot, four-building national portfolio,&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-team-up-for-sale-leaseback-deal\/\">acquired in a sale-leaseback transaction<\/a> with building and industrial products distributor BlueLinx Corp. in February. In the last half of 2017, the joint venture purchased industrial properties totaling more than 3.9 million square feet across the U.S.<\/p>\n<p>Brennan and Arch Street have established more than a few joint ventures over the years. Since 2011, the companies have bought in excess of $1 billion of net leased industrial assets.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.<\/p>\n","protected":false},"author":969,"featured_media":1004260931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,13,21742,10],"tags":[37542,33335,33707],"class_list":["post-1004260928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-midwest","category-latest","category-northeast","tag-arch-street-capital-advisors","tag-brennan-investment-group","tag-scott-mckibben"],"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 Buy Multi-State 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-buy-multi-state-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 Buy Multi-State Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-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=\"2018-08-29T12:05:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:01:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..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-buy-multi-state-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/\",\"name\":\"Brennan, Arch Street Buy Multi-State Industrial Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\",\"datePublished\":\"2018-08-29T12:05:35+00:00\",\"dateModified\":\"2022-12-08T18:01:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg\",\"width\":800,\"height\":620,\"caption\":\"2430 E. Glendale Ave.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan, Arch Street Buy Multi-State Industrial Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brennan, Arch Street Buy Multi-State Industrial Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Brennan, Arch Street Buy Multi-State Industrial Portfolio","og_description":"Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.","og_url":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-08-29T12:05:35+00:00","article_modified_time":"2022-12-08T18:01:11+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/","name":"Brennan, Arch Street Buy Multi-State Industrial Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg","datePublished":"2018-08-29T12:05:35+00:00","dateModified":"2022-12-08T18:01:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg","width":800,"height":620,"caption":"2430 E. Glendale Ave."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brennan, Arch Street Buy Multi-State Industrial Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/2430-E.-Glendale-Ave..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004260928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004260928"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004260928\/revisions"}],"predecessor-version":[{"id":1004261060,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004260928\/revisions\/1004261060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004260931"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004260928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004260928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004260928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}