Following a growing trend of sale-leaseback transactions, which allows a company to finance its growth by selling a real estate asset and remaining in the space as a tenant, Brennan Investment Group, LLC has purchased a 113,308-square-foot industrial property in Lakeland for $5.3 million.
Edward Miller, SIOR, CCIM, and Dolores Seymour, MCR, SIOR, CCIM, of Colliers International Tampa Bay represented the seller, Great Oak Property Management, LLC, doing business as Structall Building Systems.
“Through this sale, Structall will get capital to purchase updated equipment, reinvest assets into its product line and expand strategically into other markets,” said Miller, Principal and Managing Director, Industrial Services for Colliers International Tampa Bay. “Also, the buyer will see an immediate return on investment with an existing tenant, making this a strong business decision for both parties.”
Structall Building Systems is an industry leader in the production and sales of aluminum building supplies and laminated panels.
