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Brennan Acquires Armacell Facility in Chicago

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%.”

“We acquired a mission critical facility of Armacell, an established tenant with a long-term commitment to the area,” said Scott McKibben, Chief Investment Officer at Brennan Investment Group. “This acquisition is consistent with our investment objective of producing stable, long-term cash flow for our investors.”