PORT ST. LUCIE, FL—Chicago-based Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities throughout the United States, has completed development of an industrial distribution building here. The 411,000-square-foot property is for City Electric Supply/Tamco, a manufacturer and distributor of lighting and electrical equipment products sold through City Electric Supply branches throughout the country.
Troy MacMane, Brennan Investment Group's Southwest managing principal and co-founder, tells GlobeSt.com that the project presented complex challenges. As part of the overall transaction, Brennan purchased five buildings in different locations throughout Port St. Lucie. Upon completion of the new facility, Tamco vacated these properties. Brennan, in turn, sold these properties to a local Florida investor through Brennan's national buyer contacts.
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