Brennan Investment Group closed an acquisition and simultaneous leaseback of an industrial facility to Bennett Tool & Die, a leading contract tooling and metal stamping supplier.
The 90,250-square-foot building, located in Gallatin, Tennessee, serves as the company’s corporate headquarters and primary manufacturing facility.
The facility is located in the Nashville industrial market, 30 miles from downtown. Despite current conditions, the Nashville industrial market continues to demonstrate strong fundamentals with 1.5 million square feet of positive net absorption year-to-date and a vacancy rate of 7.4 percent.
Brennan continues to expand its presence in the Tennessee and Kentucky markets with a total of 1 million square feet of holdings.
