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.
Property contains 28 acres and serves and the primary North American production operation
CHICAGO, October 5, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, acquired a three building industrial campus at 3000 South Austin Avenue in Georgetown, Texas. The Property is located in the greater Austin market and contains 192,060 square feet and is 100% leased to Manitex, Inc., a leading provider of engineered specialty lifting and loading products. The Property has easy access to I-35, a major north-south route, which serves as a primary corridor from San Antonio and into Mexico to the south and to the north through Dallas.
This marks Brennan’s second acquisition in the Austin area in 2016 and increases Brennan’s total Texas region portfolio to 32 buildings. In February, Brennan acquired a 200,411 square foot vacant industrial facility at 101 Chisholm Trail in Round Rock, Texas which is undergoing redevelopment into a food processing facility.