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Chicago-based Brennan Investment Group and Arch Street Capital Advisors have acquired two regional distribution properties totaling 1.15 million square feet in the Jacksonville and Chicago markets. The properties are 100% leased to subsidiaries of BlueLinx Holdings Inc., a leading distributor of building and industrial products.

The deals were seeded by the two firms’ newly formed 8th joint venture. Brennan and Arch Street have partnered to seek opportunities to acquire, own and manage a substantial portfolio of industrial properties throughout the U.S. The venture, which has $300 million in purchasing capacity, will focus on acquiring individual industrial assets in major markets that are critical facilities to tenants and leased on a long-term basis.

"We are excited to launch our eighth venture to invest in mission critical facilities throughout the country," Brennan Managing Principal Michael Brennan said in a statement. "The United States industrial market is very strong and will likely exhibit healthy fundamentals for a long time."

Over the past six years, Brennan and Arch Street have collectively acquired 102 properties comprising nearly 22 million square feet in the single-tenant, net lease sector.

Brennan Investment Group acquires, develops, and operates industrial properties in select major metropolitan markets throughout the U.S. Since 2010, it has acquired more than $4 billion in industrial real estate.

Based in Greenwich, Conn., Arch Street is a full-service real estate investment and advisory firm formed in 2003. The firm specializes in advising international investors on their U.S. real estate strategies and has advised clients on more than $7.3 billion of transactions.