Brennan Investment Group Acquires 243,650 SF Industrial Property In Plant City For $21.75M

An 18-acre industrial property located at 1420 Gordon Food Services Drive in Plant City has been sold for $21.75 million. The property includes a 243,650-square-foot warehouse and is situated in a prime location in the Plant City market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,750,000
• Address: 1420 Gordon Food Services Drive
• Market: Plant City
• Square Feet: 243,650

The buyer of this property is Brennan Investment Group, represented by Michael Brennan. On the other hand, the seller is Gordon Food Service, represented by Rich Wolowski. The lender involved in the transaction is Wintrust Bank.

Brennan Investment Group plans to expand the existing warehouse by adding a 249,600-square-foot facility, effectively doubling the current space. Once completed, the entire 493,250 square feet will be leased by Sonoco Products Co. Furthermore, Sonoco Products Co. has secured a $33 million loan from WinTrust Bank to support this endeavor.