en.Wedoany.com Reported - Brennan Investment Group, a US private real estate investment firm, announced the acquisition of an 18,750-square-meter industrial manufacturing plant in the Knoxville metropolitan area of Tennessee. The facility provides convenient access to Interstates 75 and 40, McGhee Tyson Airport, and the river facilities at Tellico Port.

The facility sits on 170,000 square meters of land in an industrial market that, due to its superior regional connectivity, is emerging as a hub for automotive, shipbuilding, and advanced manufacturing development. The property is fully leased to Commercial Vehicle Group (CVG), a global commercial vehicle systems manufacturer, under a recently signed 20-year absolute net lease. The plant is considered one of CVG's two seat manufacturing facilities operating in the US and is critical to the company.

Scott Gibler, Managing Director and Executive Partner of Corporate Real Estate Solutions at Brennan Investment Group, stated that the company successfully structured a sale-leaseback transaction, securing a long-term commitment from the tenant and acquiring the asset at a price below replacement cost. Given the building's functionality, available land, and the strong fundamentals of the Knoxville market, this is a durable investment with long-term growth potential.

Robert Vanecko, Managing Director of Net Lease at Brennan Investment Group, noted that this sale-leaseback transaction reflects the firm's continued focus in its net lease business on acquiring critical industrial assets with long-term leases. The national industrial market has seen significant growth in demand for manufacturing space driven by reshoring, robotics, and automation, a trend expected to accelerate over the next decade.

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