WEST
SACRAMENTO, Calif., July 16,
2024 /PRNewswire/ -- Brennan Investment Group, a
leading private real estate investment firm specializing in the
acquisition, development, and operation of industrial facilities
across the United States,
announced its purchase, and simultaneous leaseback to Manna
Beverages & Ventures ("Manna") of a three-building, 213,000
square foot manufacturing facility located at 2150 and 2286 Stone
Boulevard, and 1691 Cebrian Street all in West Sacramento, California. Manna is a
leading beverage manufacturer specializing in co-packing,
co-manufacturing, and distribution of juices, teas and carbonated
beverages.
"We acquired a mission critical facility of Manna, an
established company with long-term commitment to the area. The
acquisition is consistent with our investment objective of
providing stable, long-term cash flow for our investors," said
Harrison Wright, Brennan's Senior
Associate of Corporate Real Estate Solutions.
"This acquisition is a perfect example of Brennan's commitment
to working with corporate sellers in monetizing its otherwise
locked up capital in real estate to further invest in its
operations and/or restructuring of its balance sheet," said
Brennan's Scott Gibler, Managing
Principal, Executive Director of Corporate Real Estate Solutions.
"We see these corporate transactions as truly collaborative between
parties, whereby we create a mutual long-term relationship."
"We are excited to add this asset to our single tenant net lease
portfolio, which accounts for approximately 50% of Brennan's assets
under management," said Robert
Vanecko, Co-Founder and Managing Principal Net Lease for
Brennan Investment Group. "Single tenant net lease is a key
division within Brennan's national industrial platform in which
Brennan continues to make significant investments and follows our
strategic formula for capital allocation."
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment
firm, acquires, develops, and operates industrial properties in
select major metropolitan markets throughout the United States. Since 2010, Brennan
Investment Group has acquired over $6.5
billion in industrial real estate. The company's current
portfolio spans 27 states and encompasses 56.5 million square
feet.
Brennan Investment Group co-invests with private and
institutional capital to achieve outstanding risk-adjusted returns.
The firm's management team is among the most accomplished in its
industry, having invested in over 5,000 properties covering more
than 60 cities throughout the United
States, Canada and
Europe.
For more information on Brennan Investment Group, go to
www.brennanllc.com
Media contacts: Ursula Walendzewicz,
uwalendzewicz@brennanllc.com, 8476308722
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SOURCE Brennan Investment Group, LLC