Brennan Investment Group, LLC acquired four warehouse facilities located in Lawrenceville, Bellingham and Frederick from Bluelinx Holdings Inc. for approximately $110 million.
January 11, 2018
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Brennan Investment Group, LLC acquired four warehouse facilities located in Lawrenceville, Bellingham and Frederick from Bluelinx Holdings Inc. (NYSE:BXC) for approximately $110 million on January 10, 2018. Brennan Investment Group paid the consideration in cash. Bluelinx Holdings simultaneously entering into a 15 year lease with multiple renewal options with the new owner of the facility. BlueLinx will use the proceeds from this transaction to pay off the remaining principal on its 2006 CMBS mortgage of approximately $98 million.
Brennan Investment Group, LLC acquired four warehouse facilities located in Lawrenceville, Bellingham and Frederick from Bluelinx Holdings Inc. (NYSE:BXC) on January 10, 2018.
BlueLinx Holdings, Inc. is a wholesale distributor of residential and commercial building products in the United States. The Company provides both branded and private-label stock keeping units (SKUs) across product categories, such as lumber, panels, engineered wood, siding, millwork, and industrial products. The Company distributes its products in two principal categories: specialty products and structural products. Its specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and other wood products primarily used for structural support in construction projects. The Company also offers a range of value-added services and solutions to its customers and suppliers, including inventory stocking; intermodal distribution services; milling and fabrication services, and backhaul services.
Brennan Investment Group, LLC acquired four warehouse facilities located in Lawrenceville, Bellingham and Frederick from Bluelinx Holdings Inc. for approximately $110 million.
BLUELINX HOLDINGS INC. 
