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.
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.”