Brennan Investment Group LLC, a Chicago-based private real estate investment firm that acquires and operates industrial properties, recently purchased a 95,000-square-foot building at 11225 Heather Ave., Milwaukee, from Semco Inc. and leased it back to Integrated Filing Solutions.
The building sold for about $3.6 million, or about $37.89 per square foot.
"We selected Brennan for their capital capacity and their ability to structure lease terms appropriate for the future growth of Integrated," said Michael Gilbert, chairman and chief executive officer of Integrated Filing Solutions. "They delivered on both counts."
Integrated Filing Solutions is a manufacturer of custom folders, labels and indexes.
"Finding solutions that help companies has always been our focus," said Scott McKibben, Midwest managing principal and co-founder of Brennan Investment Group. "We appreciate the opportunity to complete this transaction with Integrated Filing Solutions."
Sam Dickman Jr. of The Dickman Company in Milwaukee represented Integrated Filing Solutions in the transaction.