CHICAGO, April 14, 2017 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, has acquired a nine-building industrial portfolio totaling 559,367 square feet in Kansas City, Missouri.
“Our new investment in Kansas City exhibits the key elements of our value add investment criteria: an infill location, with modern functional attributes, priced below replacement cost,” stated Scott McKibben, Chief Investment Officer and Managing Principal of Brennan Investment Group. “As well, the fundamentals of the industrial sector continue to show significant strength and momentum.”
Brian Roach, Senior Vice President at Brennan Investment Group remarked, “We are pleased to complete our portfolio acquisition in the strong Jackson County submarket of Kansas City. The overall Kansas City market continues to be robust with over 2 million square feet absorbed in the first quarter of 2017.”
Roach, formally a Senior Vice President with DCT Industrial, joined Brennan Investment Group in November of 2016.