Brennan Completes Complex Corporate Real Estate Transaction In Eastern Florida
PR Newswire | April 07, 2020
Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities throughout the United States, has announced the completed development of a 411,000 square foot industrial distribution building located in Port St. Lucie, Florida for City Electric Supply/Tamco, a manufacturer and distributor of lighting and electrical equipment products sold through City Electric Supply branches throughout the country. The industrial facility, with over 40,000 square feet of office, will also serve as the North American Manufacturing Headquarters for City Electric Supply. As part of the overall transaction with City Electric Supply/Tamco, Brennan purchased five buildings in different locations throughout Port St. Lucie. Upon completion of the new facility, Tamco vacated these properties. Brennan, in turn, sold these properties to a local Florida investor through Brennan's national buyer contacts.