CHICAGO, September 13, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, acquired Woodlake Corporate Park, a project located in Lombard, Illinois and consisting of seven industrial flex buildings totaling approximately 262,697 square feet. The park is located approximately 30 minutes from O’Hare International Airport and 20 minutes from Chicago’s Central Business District, with easy access to two major highways.
“Woodlake Corporate Park is strategically located in the East-West Tollway Submarket within the Suburban Chicago Metropolitan Area. The East-West Tollway Submarket consists of over 40.6 million square feet of inventory. The Chicago industrial availability rate reached historic lows and ended the quarter at 6.3%, down 30 basis points from last quarter,” said Scott McKibben, Co-Founder and Chief Investment Officer of Brennan Investment Group.
CHICAGO, August 18, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, acquired Kemper Woods Business Center and Fairfield Business Center, two institutional owned business centers located in the greater Cincinnati market. Kemper Woods Business Center is a three-building, industrial, multi-tenant portfolio located in the Northwest submarket in Forest Park, Ohio. Fairfield Business Center is an industrial, multi-tenant building located in the Northwest submarket in Fairfield, Ohio. The portfolio’s combined occupancy is 51%.
Scott McKibben, Chief Investment Officer at Brennan Investment Group stated, “This acquisition is illustrative of our criteria to acquire industrial assets at a low basis in infill markets, with the ability to increase cash flow through leasing. Industrial vacancy in Cincinnati reached a historic low of 4.2% in the second quarter of 2016, making it an ideal time to execute a value-add strategy.”
Culbertson to spearhead new investments in the Carolinas and Port of Savannah
CHICAGO, August 2, 2016 -- Brennan Investment Group is pleased to announce that John Culbertson has joined the company as a Senior Vice President of Acquisitions. Mr. Culbertson will source industrial property investments throughout both the Carolinas and the Port of Savannah in Georgia. Mr. Culbertson will also oversee all operational activities within his region, including management and leasing.
Prior to joining Brennan Investment Group, Mr. Culbertson worked for Trammell Crow from 2000 to 2006, sourcing new business and providing leadership for Trammell Crow’s southeast sector. Mr. Culbertson negotiated national telecommunication projects, and successfully managed the disposition of the Charlotte Coliseum, earning acclaim in the national press for his leadership and creative execution. From 1997 to 2000, Mr. Culbertson worked for International Airport Centers, having multi-site, multi-project responsibility, including overseeing the renovation of a World War II deportation warehouse.