– The Fund targets industrial real estate from corporate owners.
– Located in Chicago’s North DuPage submarket, this acquisition expands Brennan’s Midwest portfolio to over 30 million square feet.
Brennan Investment Group (“Brennan”), a private real estate investment firm that acquires, develops and operates industrial facilities throughout the United States, is pleased to announce the acquisition of a 97,568 square feet, multi-tenant industrial property in Addison, Illinois. Located near the I-355 expressway, in the highly coveted Northern DuPage submarket, the property benefits from ease of access to O’Hare International Airport as well as the Chicago CBD.
“This acquisition highlights Brennan’s focus on acquiring functional industrial real estate in infill submarkets,” said Dan Smith, Senior Vice-President for the Chicago/Milwaukee/Minneapolis Region. “The property’s premier location, strong functional attributes, and its multi-tenant configuration provide a unique opportunity to deliver strong returns for our fund investors.”
“This marks the fifth acquisition in our inaugural Opportunity Fund,” added Jack Brennan, Managing Principal of the Midwest Region. “Corporate America remains the largest owner of industrial real estate in the nation. As such, the user-owned market continues to be an abundant source of value-added investments in the Midwest Region and throughout the US. The Opportunity Fund primarily focuses on this segment of the marketplace.”
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