#United States #Brennan Investment Group #Industrial Property #Woodridge

Brennan Investment Group Expands with New Industrial Acquisition

Brennan Investment Group, a leading private real estate investment firm renowned for its strategic growth, has recently announced an exciting new acquisition that reflects its commitment to enhancing industrial capabilities. The firm has acquired a generous 80,000-square-foot industrial building situated on 8.83 acres in Woodridge, Illinois. This acquisition is part of their ongoing strategy to broaden small-bay and outdoor storage opportunities within the I-55 corridor of Chicagoland.

Addressing Market Demand

Located in the I-55 submarket, this property is strategically positioned at the intersection of I-55 and I-355, an area currently facing a critical shortage of functional small bay industrial spaces. Data shows that vacancies for industrial spaces under 50,000 square feet in this market remain under 1%, highlighting a substantial demand for flexible, smaller-scale facilities. "We are very excited to capitalize on the fundamental shortage of functional small bay and outdoor storage in the eastern I-55 submarket," stated Dan Smith, Senior Vice President for Brennan's Chicago Region.

The building's structure and layout are particularly advantageous for its planned repositioning. With precast construction and low building-to-land coverage, the property is ideal for conversion into a small bay industrial facility. This transformation aligns perfectly with Brennan's strategy to meet the needs of businesses seeking smaller and more adaptable spaces.

Plans for Repositioning

Brennan's ambitious repositioning plan includes modifying the building into four separate 20,000-square-foot suites. Each unit will feature specialized office spaces, along with individual docks and drive-in-doors, ensuring maximum utility for potential tenants. Additionally, a large secured yard will enhance the site’s functionality, catering to various industrial needs. The building, constructed in 2007, also boasts ample car parking, an essential convenience for both employees and visitors.

Jack Brennan, the Managing Principal of Brennan Investment Group, emphasized the strategic importance of this acquisition. He remarked, "This latest acquisition is consistent with our continued emphasis on acquiring industrial assets in submarkets with strong fundamentals. Once we complete the repositioning, this will make an excellent addition to our greater Midwest portfolio, which now spans a robust 30 million square feet.”

Brennan Investment Group: A Leader in Real Estate

Founded in 2010, Brennan Investment Group has made significant strides in the real estate market, acquiring or developing $6.5 billion in industrial real estate across 30 states. The firm’s portfolio excels across select major metropolitan markets, demonstrating its commitment to strategic growth and sector expertise. Maintaining 18 regional offices nationwide, Brennan is known for co-investing alongside private and institutional capital, thereby optimizing risk-adjusted returns that attract investors.

Through its dynamic approach to real estate investment, Brennan Investment Group continues to pave the way for industrial development in high-demand markets. Their recent acquisition in Woodridge marks yet another step towards reinforcing their position as a market leader in real estate investment. To find out more about Brennan Investment Group and their portfolio, visit their official site at brennanllc.com.