Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has acquired a five-building industrial portfolio totaling 311,178 square feet. This portfolio consists of two flex buildings and three distribution buildings located in Orlando, Florida.
“We are pleased to complete the acquisition of this five building portfolio in the Northwest Orange County submarket, one of the largest industrial submarkets in Orlando, totaling over 21 million square feet. The Orlando market has demonstrated strong fundamentals, evidenced by 1.8 million square feet of positive net absorption year-to-date, and a vacancy rate of 9.9%, down 180 basis points from this time last year,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Bob Krueger, Southeast Managing Principal for Brennan Investment Group, stated, “This acquisition is illustrative of our strategy to acquire functional, well-located assets, in a rebounding market with the ability to add value through repositioning and hands-on leasing.”
This acquisition increases Brennan’s Florida and Southeast region portfolio to 27 buildings.