MILWAUKEE—Activity in the US manufacturing sector has expanded for seven months in a row, according to a survey by the Institute for Supply Management. And across the US, investors have taken notice and many manufacturers have decided this is the moment to monetize their properties.
For example, Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties throughout the US, has just completed a sale-leaseback transaction for a 138,870-square-foot building at 7044 North Teutonia Ave. in Milwaukee, WI, from the Spanish manufacturer SIC Lazaro.
SIC Lazaro produces counterweight products, including container ship ballasts, and crane and elevator weights and also has operations in Europe, Brazil and China.
"In 2013, we successfully closed 28 long-term net-lease investments and sale-leasebacks across the United States, demonstrating our ability to source transactions at attractive yields in established industrial markets," says Michael Brennan, chairman and co-founder of Brennan. "The resurgence in US manufacturing should lead to additional compelling investment opportunities for us in 2014."
"Finding solutions that allow companies to grow by concentrating on their core competencies is a top priority," adds Scott McKibben, Midwest managing principal and co-founder of Brennan.
Sam Dickman Jr., Sam Dickman Sr., and Anthony Heunerbein, of The Dickman Company, Inc. in Milwaukee, helped broker the transaction.
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