Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities throughout the United States, recently acquired a 98,600 square foot industrial facility located at 11925 West Carmen Avenue in Milwaukee, WI. The property is 100% leased to a leading provider of automated material handling solutions for retail, warehouse, distribution, manufacturing, and e-commerce integrators and end-users. This building serves as the company’s headquarters where all distribution and manufacturing takes place.
The property is well located in the Milwaukee Northwest submarket with convenient expressway access to I-41. The Milwaukee industrial market remains active with over 2.0 million square feet of positive net absorption year-to-date.
“We saw this purchase as an opportunity to add to our growing Milwaukee portfolio, an often overlooked market, but one with consistently strong fundamentals and 96% occupancy,” said Kevin Brennan, Managing Principal at Brennan Investment Group. “We now own 10 properties totaling over 1 million square feet in the market and are actively seeking to grow our presence through acquisitions and development.”
The acquisition of this asset adds to Brennan’s overall single-tenant net lease portfolio which now totals over 150 properties and over 27 million square feet.
Andy Hess and Derek Yentz of Founders 3 represented Brennan Investment Group in this transaction.