Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis acquired Jackson Industrial Park. This portfolio consists of four multi-tenant, light-industrial facilities totaling approximately 260,400 square feet in Indianapolis, IN. Brennan Investment Group successfully utilized crowdfunding with Realty Mogul to complete the purchase.
“We are pleased to complete the acquisition of Jackson Industrial Park. The Indianapolis market has demonstrated strong fundamentals, evidenced by 1.5 million square feet of positive net absorption year-to-date, nearly double what the market posted at this time last year,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Scott McKibben, Co-Founder and Managing Principal of Brennan Investment Group stated, “This acquisition at 77% occupancy is illustrative of our strategy to acquire functional, well-located assets, in major markets with the ability to add value through repositioning and leasing of vacancy.”