CHICAGO, June 2, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has acquired a seven-building industrial portfolio totaling 584,866 square feet. This portfolio consists of warehouse/industrial buildings located in the Sparks submarket of Reno, Nevada.
“We are pleased to complete the acquisition of this seven building portfolio in Sparks, Nevada, the strongest and largest industrial submarket in the Reno metropolitan area. The Reno/Sparks market is attracting new businesses due to an absence of state income taxes and its logistical position in the Northwest United States. Reno has seen 16 consecutive quarters of positive net absorption, and has a current vacancy rate of 5.9%, the lowest in 10 years,” said Tim Gudim, West Coast Managing Principal at Brennan Investment Group.
Brennan's Chicago portfolio now exceeds 9 million square feet
CHICAGO, May 18, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its acquisition of 16800 S Canal Street in South Holland, Illinois. The building is 100% leased to Armacell, LLC, a world leader in flexible insulation foams for the equipment-insulation market, as well as a leading provider of engineered foams.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, “We are pleased to complete the acquisition of 16800 S Canal St, located in the South Cook submarket, the third largest submarket in Chicago. The Chicago market has demonstrated strong fundamentals, evidenced by 23 consecutive quarters of positive net absorption and an overall occupancy of 96.1%.”
Facilities Leased to Rohrer Corporation
CHICAGO, May 4, 2016 -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback of three industrial buildings to Rohrer Corporation (“Rohrer”) one of which is their corporate headquarters near Cleveland, OH. The other two buildings are located in submarkets within the Chicago and Atlanta area. Rohrer is a leading producer of skin and blister packaging and the largest supplier of visual carded packaging.
“The acquisition of the Rohrer facilities was funded through our $300,000,000 net leased joint venture with one of Arch Street Capital Advisors’ institutional clients,” said Robert Vanecko, Brennan Investment Group’s Managing Principal and the head of the firm’s single-tenant, net lease division. “We are excited to add this property to our growing portfolio. We have a strong appetite for additional properties that meet our criteria.”