Brennan Acquires Industrial Asset in Atlanta’s Northwest Submarket

(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)

ATLANTA—Brennan Investment Group has snapped up 100 Evenflo Drive in Ball Ground, GA. Ball Ground is in Atlanta’s Northwest industrial submarket.

The industrial asset spans 354,000 square feet of class A space. It is 100% leased to SMB Machinery Systems and Meyn America. Financial terms of the deal were not disclosed.

"Atlanta is an important industrial market, with over 605 million square feet, demonstrating its role as the transportation hub of the Southeastern United States," commented Michael Brennan, chairman and cofounder of Brennan. "Its demographics and diversity should insure the long term growth of its economy."

The tenant base is strong. Headquartered in the Netherlands, Meyn is a global leader in the poultry processing solutions business. Meyn was recently acquired by CTB, a wholly-owned subsidiary of Berkshire Hathaway. Meyn's North American Headquarters are in the facility. SMB Machinery Systems is a leader in the hospitality and beverage equipment business, and is also headquartered at the industrial property.

"The facility is both flexible and well designed, and will allow our tenants, Meyn and SMB, to operate their businesses here for many years to come," commented Bob Krueger, Southeast managing principal and cofounder of Brennan. "This acquisition is illustrative of Brennan Investment Group's ability to acquire mission critical facilities in major metropolitan markets."

Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, Florida, Washington D.C., Northern New Jersey, Atlanta, and Midwestern industrial markets. Kevin Markwordt of Transwestern in Atlanta represented the seller in the transaction.