Brennan Investment Group Expands Midwest Portfolio with New Acquisition in Cincinnati

Brennan Investment Group, a private firm specializing in industrial real estate, has made significant strides in the Midwest with its latest acquisition. The company has successfully secured a 56,000 square foot light industrial facility located at 1010 Petersburg Road in Hebron, Kentucky, situated just outside of Cincinnati, Ohio. This acquisition is a strategic sale-leaseback transaction with an established rubber and plastics manufacturing company that has been a reliable tenant for over 10 years.

Expanding Regional Footprint

This new property acquisition adds to Brennan's extensive portfolio, which now includes nearly 28 million square feet across the Midwest. The facility is strategically located within the Airport submarket of Cincinnati, a desirable location known for its proximity to CVG International Airport, just a short two-mile distance away. With an impressive industrial vacancy rate of under 5% in the Airpark International Corridor, the facility represents not only an important addition to Brennan's assets but a strategic opportunity in one of the tightest industrial markets in the region.

Key Location Benefits

The property's prime location provides ideal access to major transportation routes, including Interstates 275 and 75, making it a perfect hub for logistics and manufacturing operations. Doug Lance, Senior Vice President at Brennan Investment Group, noted the competitive nature of the acquisition, emphasizing that securing a high-quality facility in such a desirable area aligns with the company's growth strategy.

Leaseback Structure Enhances Stability

The sale-leaseback structure of this transaction further solidifies the acquisition's reliability. By partnering with a long-term occupant that has a proven history in the facility, Brennan Investment Group not only ensures a steady income stream but also mitigates risks associated with tenant turnover— a crucial consideration in today's fluctuating market conditions.

Brennan Investment Group has focused significantly on expanding its presence in Ohio. Earlier in the previous year, the firm acquired an adjacent 100,000 square foot industrial asset. This ongoing expansion reflects their strong commitment to providing top-tier industrial properties across key locations. Jack Brennan, Managing Principal, expressed that this acquisition not only complements their strategic goals but also reinforces their position in a market poised for further growth.

About Brennan Investment Group

Founded in 2010, Brennan Investment Group is based in Chicago and has established itself as a leading player in the industrial real estate sector, acquiring and developing properties across the United States. With a robust portfolio of approximately 57 million square feet in 29 states, the firm has successfully invested over $6.5 billion in industrial real estate. The company's strategy involves collaborative investments with both private and institutional capital to foster outstanding risk-adjusted returns.

As it continues to grow, Brennan Investment Group has become synonymous with high-quality industrial developments and a keen ability to identify prime investment opportunities. With 18 regional offices spread across the U.S., their management team is recognized as some of the industry's most adept professionals, having invested in more than 5,000 properties throughout the U.S., Canada, and Europe. For more insights on Brennan Investment Group, visit brennanllc.com.

With these latest developments in Ohio, it is evident that Brennan Investment Group is strategically positioning itself to harness the growth potential in the industrial real estate market, ensuring both present and future success in their investment endeavors.