Brennan's Chicago portfolio now exceeds 9 million square feet
CHICAGO, May 18, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its acquisition of 16800 S Canal Street in South Holland, Illinois. The building is 100% leased to Armacell, LLC, a world leader in flexible insulation foams for the equipment-insulation market, as well as a leading provider of engineered foams.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, “We are pleased to complete the acquisition of 16800 S Canal St, located in the South Cook submarket, the third largest submarket in Chicago. The Chicago market has demonstrated strong fundamentals, evidenced by 23 consecutive quarters of positive net absorption and an overall occupancy of 96.1%.”