Brennan Investment Group Acquires 202,000 SF Knoxville Industrial Facility in Sale-Leaseback with Commercial Vehicle Group

KNOXVILLE, Tenn. — June 5, 2026 — Brennan Investment Group has acquired a 202,000-square-foot industrial manufacturing facility in the Knoxville metropolitan area through a sale-leaseback transaction with Commercial Vehicle Group (CVG), the Chicago-based private real estate investment firm announced Thursday. The real estate acquisition, structured as a 20-year absolute net lease, underscores Brennan Investment Group's ongoing focus on securing long-term, mission-critical industrial real estate assets across the United States.

Deal Structure and Property Details

The industrial real estate facility sits on 42 acres within the Greater Knoxville industrial market and is 100% leased to Commercial Vehicle Group, a global manufacturer of commercial vehicle systems. CVG will continue to operate the site under the newly executed lease, which is structured as an absolute net lease.

The property offers direct access to Interstate 75, Interstate 40, McGhee Tyson Airport, and the Port of Tellico. Brennan Investment Group described the facility as mission-critical, noting it is one of only two CVG seating manufacturing plants operating in the United States. Brennan also cited the facility's excess land as a source of potential long-term upside.

Financial terms of the transaction, including the sale price, cap rate, rent level, and debt structure, were not disclosed.

Brennan Investment Group Executives on the Acquisition

"We were able to structure a compelling sale-leaseback with a long-term commitment from the tenant, while acquiring the asset at an attractive basis relative to replacement cost," said Scott Gibler, Executive Director Corporate Real Estate Solutions, Managing Principal at Brennan Investment Group. "Given the building's functionality, excess land, and strong market fundamentals in Knoxville, we see this as a highly durable investment with long-term upside."

"This sale-leaseback reflects our net lease business's continued focus on acquiring mission critical industrial assets with long-term tenancy," said Robert Vanecko, Managing Principal Net Lease at Brennan Investment Group. "Further, industrial markets nationwide have seen a significant increase in manufacturing space demand because of onshoring, robotics and automation. This is a trend that will continue to accelerate over the decade."

Knoxville Industrial Market Context

The Greater Knoxville industrial market has emerged as a growing hub for automotive, marine, and advanced manufacturing activity, according to Brennan Investment Group's announcement. The firm cited the market's fundamentals as a factor in the acquisition decision.

For CVG, the sale-leaseback structure provides a mechanism to monetize owned real estate while retaining operational control of a facility central to its U.S. seating manufacturing operations.

Brennan Investment Group's Industrial Real Estate Strategy

Brennan Investment Group, founded in 2010 and headquartered in Chicago, describes itself as a private real estate investment firm that acquires, develops, and operates industrial properties in select major metropolitan markets across the United States. The firm has acquired or developed $6.5 billion in industrial real estate across 30 states since its founding, and its current portfolio spans approximately 58 million square feet across 30 states.

The firm operates 18 regional offices throughout the United States and co-invests with private and institutional capital. Its management team has invested in more than 5,000 properties covering more than 60 cities in the United States, Canada, and Europe.

Additional information about Brennan Investment Group is available at brennanllc.com.

Sources

• Brennan Investment Group — Official Announcement, June 5, 2026