September 27, 2017
Rosemont, IL-based Brennan Investment Group, LLC acquired a 20-building industrial portfolio, totaling more than two million square feet across nine states, from Barnett Capital for $84 million. The 100%-leased portfolio is located mainly in Chicago, Kansas City, and Pittsburgh and consists primarily of warehouse, distribution and light manufacturing facilities.
Five properties are located in the Chicago-area. The others are located in IN, MO, OH, PA, SC, TN, TX and WI. Among the larger assets include:
-1100 Corporate Parkway, McHenry, IL (378,350 square feet, pictured),
-2001 Innerbelt Business Center Dr., St. Louis, MO (171,640 square feet),
-1601-1731 St. Louis Ave, Kansas City, MO (244,627 square feet)
-130-150 W. Edgerton, Milwaukee, WI (120,000 square feet).
CBRE’s Ryan Bain and Zach Graham represented both parties.
The deal boosts Brennan’s portfolio to more than 33 million square feet, and follows a $100-million, 11-building, 2.5-million-square-foot industrial portfolio acquisition earlier this month.
For comments, questions or concerns, please contact Dennis Kaiser