Brennan Investment Group Completes Acquisition of Five Building Industrial Portfolio In Chicago
CHICAGO, June 25, 2012 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of a five building portfolio of surplus corporate warehouse facilities in Chicago from Wisconsin-based Oshkosh Defense. Brennan contracted to purchase the buildings vacant, but has secured a lease for 50% of the portfolio from structured wood products distributor US Glu-Lam, Inc.
"This acquisition is illustrative of Brennan Investment Group's ability to acquire functional, well-located industrial assets in major metropolitan markets with the intent of adding value through leasing," said Scott McKibben, Midwest Managing Principal and Co-Founder of Brennan Investment Group. "Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, Central Florida, Washington D.C., and Midwestern industrial markets."
Walter Murphy of Lee and Associates in Chicago represented the seller in the transaction.
About Brennan Investment Group
Brennan Investment Group, LLC, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.
Brennan Investment Group, LLC co-invests with private and institutional capital to achieve outstanding risk adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.
For more information, go to www.brennaninvestmentgroup.com
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