CHICAGO, December 29, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, sold its newly developed industrial facility located at 1780 Birchwood Avenue in Des Plaines, IL. The Class A distribution building was developed in partnership with DLJ Real Estate Capital Partners.
The 139,425-square-foot state-of-the-art warehouse and distribution building was sold to Morgan Stanley’s Prime Property Fund. The property, which is fully leased to Pet Food Experts and Cambria Company, was completed in late 2015.
“The ability to construct, rapidly lease up, and dispose of a speculative industrial building in the O’Hare area demonstrates the strength of the market for well-located, in-fill, Class A product,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.