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.
CHICAGO, December 29, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, sold its newly developed industrial facility located at 1780 Birchwood Avenue in Des Plaines, IL. The Class A distribution building was developed in partnership with DLJ Real Estate Capital Partners.
The 139,425-square-foot state-of-the-art warehouse and distribution building was sold to Morgan Stanley’s Prime Property Fund. The property, which is fully leased to Pet Food Experts and Cambria Company, was completed in late 2015.
“The ability to construct, rapidly lease up, and dispose of a speculative industrial building in the O’Hare area demonstrates the strength of the market for well-located, in-fill, Class A product,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Roach to spearhead new investments in Denver, Salt Lake City, and Kansas City
CHICAGO, November 1, 2016 -- Brennan Investment Group is pleased to announce that Brian Roach has joined the company as a Senior Vice President of Acquisitions. Mr. Roach is responsible for acquisition and development of industrial properties in Denver, Salt Lake City, and Kansas City, and will also oversee all operational activities within his region, including management and leasing.
Before joining Brennan Investment Group, Mr. Roach was Senior Managing Director for the industrial development platform at The Pauls Corporation in Denver.