CHICAGO, March 13, 2017 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, and Arch Street Capital Advisors, LLC, a full service real estate investment and advisory firm, announced its 11th acquisition in its current single-tenant, net lease industrial aggregation venture. The transaction consists of the purchase, and simultaneous leaseback, to Wilbert Plastic Services of a 310,000 square foot facility located at 4221 Otter Lake Road in White Bear Lake, Minnesota. Wilbert Plastic Services, headquartered in North Carolina, is a leading supplier of plastic injection-molded and heavy gauge thermoform products and assemblies. The building serves as the company’s largest thermoforming facility.
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'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.