Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, has acquired a three-building industrial portfolio totaling 482,143 square feet in three markets: Chicago, Indianapolis and Bakersfield, California.
Scott McKibben, Chief Investment Officer at Brennan Investment Group, stated, “Our national platform permits us to source and underwrite opportunities as they arise across a spectrum of strong markets throughout the United States. This has allowed our company to acquire value-add transactions in a competitive market.”
“The fundamentals of US industrial real estate markets are remarkably strong, as evidenced by positive net absorption of over 58.3 million square feet,” said Tim Gudim, West Coast Managing Principal at Brennan Investment Group. “This marks the 29th consecutive quarter of positive absorption, the longest streak in more than 20 years.”