Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced the acquisition of three industrial facilities in Hamilton, Ohio leased to Matandy Steel and Metal Products LLC. Matandy is a family-owned and operated steel service center that is an industry leader in the distribution of low carbon, flat roll steel products in coil, sheets and blanks. The facilities are used for the manufacturing and distribution of steel products and also serve as the company’s Corporate Headquarters.
“The acquisition of the Matandy industrial complex is the first transaction in our recently launched $300,000,000 net leased joint venture with one of Arch Street Capital Advisors’ institutional clients”, said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group.
The key criteria of the net lease venture are: • Located in the top 100 U.S. markets • Remaining lease term of 13 years or more • Non-investment grade credit is permitted • Significant facility investment by tenant • All industrial facility types considered: manufacturing, assembly, R&D, distribution