#United States #New Jersey #Moorestown #Brennan Investment

Brennan Investment Group Strengthens Industrial Portfolio in Southern New Jersey

Brennan Investment Group, a distinguished real estate investment firm, has recently completed a significant recapitalization of an industrial portfolio located in Moorestown, New Jersey. This strategic move aims to reinforce Brennan's established presence in the region, which boasts a prime location just 12 miles east of Philadelphia, offering seamless access to the New Jersey Turnpike and downtown Philadelphia.

The newly recapitalized portfolio includes 20 shallow-bay industrial buildings constructed between the years 1984 and 2000. Impressively, these facilities are currently 96% occupied, showcasing their ability to attract and retain tenants. The variety in building sizes and suite configurations provides substantial growth opportunities for existing and potential new tenants.

Chris Massey, Managing Principal at Brennan Investment Group, highlighted the strength of industrial activity in Southern New Jersey, particularly for high-quality spaces. He noted a remarkable 127% rent growth in the shallow-bay segment over the past five years, driven by persistent tenant demand. "We remain committed to delivering high-quality industrial spaces that will allow us to continue to grow rent over time," Massey stated.

The Philadelphia metropolitan area, strategically positioned between Washington, D.C. and New York, places Brennan’s investments in a favorable spot to tap into a vast market. Notably, about 40% of the U.S. population is within a day's drive of the region, making it an attractive target for industrial investment. Kevin Brennan, Chief Investment Officer and Managing Principal, emphasized the area's success, citing its dense population, critical ports, concentration of businesses, and robust transportation infrastructure as core advantages that enhance its investment appeal.

Brennan Investment Group is no stranger to the industrial landscape. Based in Chicago, the firm operates across various major metropolitan markets in the United States, having acquired or developed an impressive $6.5 billion in industrial real estate since 2010. Currently, their portfolio spans 29 states and covers approximately 56 million square feet, showcasing the depth and reach of their operations.

What sets Brennan apart is its ability to attract co-investments from both private and institutional investors, thereby achieving optimal risk-adjusted returns. With 18 regional offices strategically located across the country and a management team renowned for its expertise, the firm has successfully invested in over 5,000 properties across more than 60 cities, extending its footprint even into Canada and Europe.

The Moorestown portfolio's recapitalization marks another significant chapter in Brennan's growth story and reflects its consistent strategy to enhance and operate its properties effectively. As they continue to invest in high-quality industrial spaces in critical markets, Brennan is poised to capitalize on the ongoing demand and structural shifts in the industrial real estate sector.

For additional insights and details about the firm's offerings and investments, interested parties are encouraged to visit Brennan Investment Group.