CHICAGO, February 28, 2017 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase of a manufacturing and distribution facility located at 2395 Greenleaf Avenue in Elk Grove Village, IL. The building is 100% leased to National Metal Fabricators, a leading producer in the industry of high quality precision sheet metal fabrication, angle ring manufacturing and specialty custom rolling. The 46,741 square foot Property serves as the corporate headquarters of National Metal Fabricators.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, “We are pleased to complete the acquisition of 2395 Greenleaf Avenue, located in the O’Hare submarket of Chicago. The overall Chicago market has demonstrated strong fundamentals, evidenced by 26 consecutive quarters of positive net absorption, and an overall occupancy of 96.1%.”
Brennan owns and manages over 2 million square feet in the O’Hare submarket.
“We acquired a mission critical facility of National Metal Fabricators, an established tenant with a long-term commitment to the area,” said Scott McKibben, Chief Investment Officer and Managing Principal of Brennan Investment Group. “This acquisition is consistent with our investment objective of producing stable, long-term cash flow for our investors.”