Brennan Investment Group
Update
12/03/24
Brennan's Opportunity Fund Acquires Second Asset
Brennan Investment Group, 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 single-tenant industrial property of 225,000 square feet on 7.16 acres in Chicago, Illinois. Located at Interstate 55 and Pulaski Road, the property benefits from its infill location and an acquisition price below replacement cost.
"This acquisition exemplifies Brennan's approach to identifying opportunities in the highly competitive Chicagoland industrial market," said Dan Smith, Vice President for the Chicago Region. "The property's infill location, coupled with its below-market rents and multiple paths to value creation, provides a unique opportunity to deliver strong returns for our fund investors."
"This marks the second acquisition in our corporate real estate 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 Chicago and throughout the US."
BIG plans to reposition the property by enhancing functionality through significant property improvements, including doubling the existing loading capacity. These upgrades will broaden the building's appeal and increase rental rates.
