Brennan Purchases 20-Building US Industrial Portfolio
CHICAGO, September 26, 2017
Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, has acquired a 20-building industrial portfolio totaling 2,089,577 square feet across nine states with the majority of the assets in Chicago, Kansas City, and Pittsburgh. The portfolio is 100% leased and consists primarily of warehouse, distribution and light manufacturing facilities.
Scott McKibben, Chief Investment Officer at Brennan Investment Group, stated, “The acquisition of this large portfolio demonstrates the competitive advantage of our national platform which allows us to source and underwrite assets in multiple markets across the country. We will actively manage these properties from our eight offices across the United States.”
“Functional and mission-critical real estate, priced below replacement cost are key criteria in delivering stable, long-term cash flow for our investors,” said Ryan O’Halloran, Vice President at Brennan Investment Group. “Located in strong submarkets with high occupancy rates, we felt we had the right ingredients for a successful transaction.”
“The U.S. industrial markets continue to demonstrate strength, with nearly every major market posting positive absorption and low vacancies,” added Scott McKibben. “Growing tenant demand from e-commerce and automated manufacturing suggest that the fundamentals of our industry will remain strong in the future.”
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $3 billion in industrial real estate. The company’s current portfolio spans 25 states and encompasses over 33 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm’s management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
SOURCE: Brennan Investment Group