Brennan Acquires Markel Corporation Headquarters In Philadelphia

PHILADELPHIA, PA—Chicago-based Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities, arranged a sale-leaseback with Markel Corporation of Markel’s 168,000 square foot facility located at 435 School Lane in Plymouth Township, PA.  Markel is a provider of high performance chemicals to automotive, communications, environmental, and industrial markets. The building serves as the company’s headquarters and sole manufacturing facility.

“The overall Philadelphia industrial market contains nearly 445 million square feet of inventory and continues to recover, as evidenced by strong absorption numbers and a declining vacancy rate of 7.2%, which is down 30 basis points from the first quarter of 2015,” says Kevin Brennan, vice president of acquisitions at Brennan Investment Group.