Tamco, an international manufacturer and distributor of lighting, electrical, and safety products, sought to consolidate its North American manufacturing operations into one new facility and to sell five surplus assets. Because the transaction required a developer who could design and build a state-of-the-art manufacturing, warehouse, and office facility, and also acquire the five vacant buildings, we were uniquely qualified for this opportunity given its transactional complexity and property-level risks.
Brennan Investment Group capitalized on this 559,367-square-foot real estate redevelopment opportunity, seeing untapped value in the light-industrial facility strategically located only two to three miles from Downtown Kansas City, Missouri. We oversaw capital updates to attract new tenants to existing vacancies and deliver needed improvements to current tenants, whose leases were assumed as part of the acquisition. Upon completion of our redevelopment strategy, we organized the sale of the property, realizing returns in excess of the pro forma.
Brennan Investment Group acquired this five-building, multi-tenant food-processing facility in Plant City, Florida, in 2020. The property consists of offices, warehousing, processing, cold storage, functional truck scale, and manufacturing space. We assumed the lease for one existing tenant, while restoring all existing buildings, removing four 50-foot silos, and selling off excess equipment left behind in the purchase.
Redevelopment included exterior paint, bathroom remodeling, updated sprinkler systems, and new loading docks. Since the acquisition, we have secured two short-term lease tenants and brokered a deal for the sale of a portion of the total acreage to a local company with plans to develop the centrally located property into mini-storage.
Progressive Foods, a processor and supplier of value-added raw and fully cooked protein products headquartered in Los Angeles, California, engaged Brennan Investment Group to redevelop a vacant cold storage facility in Austin, Texas.
The redevelopment work was extensive and exceeded the original cost of the building. This work included building a completely new freezer/cooler space as well as new food processing areas and commercial kitchens. The warehousing areas also had to be completely redone. Communication was the key to this project, as the client had not previously been through this process and the scope was not fully developed prior to starting the project.
Located just outside Salt Lake City, the Skyline Commerce Center represents a rare development with direct access to the I-15 and I-80 corridors. A flexible, speculative industrial development is suitable for showroom, warehousing, and distribution usage across two buildings totaling approximately 310,850 square feet.
Brennan Investment Group identified and procured the 15-acre in-fill site, procured entitlements, and managed development of both buildings. Upon completion, we arranged the sale to another institutional investor and realized an ROI well above the pro forma for our investment client.
This large-scale industrial distribution development strategically located in the Denver metro area represents a partnership between Brennan Investment Group and a small group of developers. Brennan led the scouting and procurement of this 60-acre site with convenient access to Denver’s major freight corridors.
Brennan has secured entitlements to develop five Class A buildings totaling 954,311 square feet. The speculative in-fill development features three distinct property designs and benefits from congruous zoning, which includes outside storage, enlarged truck courts, cross dock, and rear-load design. Its proximity to the Denver market offers operational efficiencies, consistency, and predictability as a lower-cost distribution solution.
Brennan Investment Group identified and acquired this 85-acre site near O’Hare Airport to develop into speculative and build-to-suit industrial real estate development opportunities. Strategically situated in a high-traffic industrial corridor and a natural hub of fiber optics and providers, the resulting Elk Grove Technology Park is tailored to serve corporations in need of real estate with specific technology and data center capabilities.
The park includes nine industrial facilities with high-end glass facades, modern precast construction, and top-of-the-line systems and fixtures. Buildings range in size from 73,829 to 243,691 square feet in one of the world’s busiest air traffic centers, with access to all major Illinois interstates.
Poultry Products Northeast, a regional food distributor in New England, engaged Brennan Investment Group to build a first-class headquarters and cold storage facility to replace their former facilities, which were functionally obsolete and inefficient for distribution.
The new building includes both cooler and freezer space, expanded processing capabilities, and a test and demonstration kitchen that drastically improve the company’s marketing and sales efforts.
Additionally, multiple office locations were consolidated into 28,000 square feet of headquarters-quality office space. The facility was completed in early 2020 and sits on nearly 26 acres, providing our client with the ability to expand as their business grows in the future.
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