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.”
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%.”