Brennan's Chicago portfolio now exceeds 11 million square feet
CHICAGO, January 26, 2017 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of a 30-building industrial portfolio. The properties, totaling over 2 million square feet, are located primarily in the O’Hare, Near North, and Central DuPage submarkets.
“The Chicago industrial market continues to benefit from strong tenant demand, limited supply by historical standards, and accelerating rent growth. As of the fourth quarter of 2016, the Chicago metropolitan market reached a 20-year high occupancy level of 96.1%, driven, in part, by positive absorption of over 19 million square feet. This marks Chicago’s 26th consecutive quarter of positive absorption,” commented Scott McKibben, Brennan’s Chief Investment Officer and Managing Principal.