CHICAGO, July 11, 2016 -- Michael Brennan has orchestrated more than $10 billion in industrial real estate transactions, forming some of the most successful firms in the business, including First Industrial, in the course of his 25-year career. His current firm is celebrating its fifth anniversary this year with over $1 billion in real estate investments. He literally wrote the book on the industrial property sector and has received accolades for his leadership achievements from both the CRE community and the broader business world. In addition to his current position at Brennan Investment Group, he is executive director of the University of Wisconsin’s James A Graaskamp Center for Real Estate.
Yet all of these achievements do not define who Brennan is as a leader, if the input we received from his staff and colleagues is any indication. When discussing Brennan – who today is chairman and managing principal of Brennan Investment Group – they use words like “caring,” “kind,” “tireless,” “committed,” “nurturing” and, above all, “inspirational.” His success story, combined with a genuine appreciation for, and openness with, the people who work with him is what makes him an ideal leader and one that CRE professionals want to follow.
Transaction is Largest Industrial Sale-Leaseback in Chicago Market during Second Quarter of 2016
CHICAGO, July 6, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback to The Packaging Wholesalers of a 443,103 square foot facility located at 1717 Gifford Road in Elgin, IL. The Packaging Wholesalers offer packaging products and shipping supplies to distributors nationwide. The building serves as the company’s headquarters and primary distribution warehouse.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, “We are pleased to complete the acquisition of 1717 Gifford Road, located in the Northwest Cook County submarket of Chicago. The Chicago market has demonstrated strong fundamentals, evidenced by nearly 6 consecutive years of positive net absorption, and an overall occupancy of 96.1%.”
Texas Region Portfolio Grows to 29 Buildings
CHICAGO, June 29, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase of a 129,061 square foot facility located at 8220 Ambassador Row in Dallas, TX. The building is 100% leased to Delivery Limited, the world’s foremost specialist in relocation, delivery and storage services. The property serves as the corporate headquarters of Delivery Limited and houses all of its storage, logistics and administrative functions. The building’s location has convenient expressway access to the major areas in the Dallas metro region including Love Field Airport, the Dallas Design District and Dallas’ central business district.
Kyle Harris, Acquisition and Development Analyst at Brennan Investment Group stated, “The overall Dallas/Ft. Worth industrial market contains over 728 million square feet of inventory and continues to demonstrate strength, as evidenced by strong absorption numbers and a declining vacancy rate of 6.7%, down 60 basis points from the first quarter of 2015.”