authors William Williams
A Chicago-area company has paid $7.5 million for a Madison industrial property home to the local operations of a national building material supplier.
The address is 700 Myatt Drive.
Rosemont, Illinois-based Brennan Investment Group now owns the 15.25-acre property, on which sits a roughly 200,000-square-foot warehouse accommodating BlueLinx Corp.
Brennan Investment owns properties in 29 states. Its buildings span a collective 44 million square feet, according to the company website.
BlueLinx Corp. is affiliated with Atlanta-based BlueLinx Holdings, which recorded revenue of about $3.2 billion in 2017. Founded in 2004 via the purchase of the assets of the distribution division of Georgia-Pacific, BlueLinx Holdings services 40 states.
The seller was an LLC that paid $2.85 million for the property in February 2011, according to Metro records.
The Post was unable to determine at publication time if brokers were involved in the deal.