Brennan Investment Group acquires Markel headquarters

Plymouth Township, PA Brennan Investment Group, LLC, has purchased, and simultaneous leasedback to Markel Corp. of a 168,000 s/f located at 435 School Ln.  Markel is a leading provider of high performance fluoropolymer solutions to market-leading customers in the automotive, communications, environmental, and industrial markets. The building serves as the company's headquarters and sole manufacturing facility. Kevin Brennan, vice president of acquisitions at Brennan Investment Group said, "The overall Philadelphia industrial market contains nearly 445 million s/f 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." "The acquisition of the Markel facility was funded through our $300 million net leased joint venture with one of Arch Street Capital Advisors' institutional clients," said Robert Vanecko, Brennan Investment Group's managing principal and the head of the firm's single-tenant, net lease division.  "We are excited to add this property to our growing portfolio."