#United States #Bolingbrook #Brennan Investment #industrial facility

Brennan Investment Group Expands its Chicago Portfolio

Brennan Investment Group, a prominent player in the real estate investment sphere, has enhanced its Chicago presence by acquiring a 55,000-square-foot Class A industrial facility in Bolingbrook, Illinois. This strategic move was executed through a sale-leaseback agreement with Impact Networking, LLC, a company specializing in business process automation, which will continue to operate in the building under a long-term lease.

Situated in the I-55 industrial corridor, one of the most coveted industrial zones in Chicago, the newly acquired property boosts Brennan’s total holdings in the area to 10.5 million square feet. With its location on approximately 9 acres, the facility is well-equipped with access to major transportation routes, including I-55 and I-355, facilitating efficient connectivity to the broader Chicago metropolitan region.

This property’s modern specifications are designed to meet the demands of today’s industrial operations. It features impressive 25-foot clear heights, six dock-high doors, and two drive-in doors, making it suitable for a variety of industrial functions. Additionally, it boasts heavy power capacity and excess land available for auto or trailer parking, enhancing its operational utility.

Dan Smith, Senior Vice President at Brennan Investment Group, expressed enthusiasm about the acquisition, describing it as a strategic addition to their expanding portfolio. Smith highlighted that the combination of an in-place tenant, functional building design, and its prime location collectively allow the company to scale operations in one of the most desirable industrial corridors nationally.

Adding further insights, Jack Brennan, Managing Principal of Brennan Investment Group, commented on the overall strength and resilience of the Chicago industrial market, particularly hotspots like Bolingbrook which continue to see robust demand. This acquisition aligns perfectly with the company’s strategy of securing high-quality assets with reputable tenants in supply-constrained locations.

Ryan Harding and Corey Chase of Newmark represented the seller in this notable transaction.

About Brennan Investment Group

Founded in 2010, Brennan Investment Group is based in Chicago and focuses on acquiring, developing, and operating industrial properties across select metropolitan markets in the U.S. Since its inception, the firm has successfully acquired or developed over $6.5 billion in industrial real estate across 30 states, with its current portfolio encompassing about 58 million square feet.

The firm works collaboratively with private and institutional capital to achieve impressive risk-adjusted returns. With 18 regional offices throughout the United States, Brennan’s management team is recognized as one of the most accomplished in the industry, having participated in over 5,000 transactions covering more than 60 cities in North America and Europe. For further information, interested parties can visit brennanllc.com.