Brennan Investment Group expands Chicago portfolio with Wood Dale acquisition

Brennan Investment Group, a private real estate investment firm specializing in industrial properties, has announced the acquisition of seven buildings in Wood Dale, Illinois. This strategic move adds to Brennan’s already substantial 10 million square foot portfolio in the Chicagoland area, particularly strengthening its presence in the O’Hare submarket.

Portfolio Details and Location Advantage

The acquired portfolio encompasses 280,947 square feet across 12.5 acres in the heart of Chicago’s O’Hare submarket, featuring prime frontage on I-390 and Thorndale Avenue. The properties have been institutionally owned for over two decades and are fully leased to a diverse tenant base operating in various key business sectors. Situated in DuPage County, the portfolio benefits from its location in a sought-after industrial corridor with a low vacancy rate of just 2.1% across 101 million square feet.

Strategic Expansion and Market Commitment

Dan Smith, Brennan’s Vice President in charge of acquisitions and developments in Chicago, Milwaukee, and Minneapolis markets, emphasized this investment as a key expansion in the O’Hare submarket. He highlighted the company’s ongoing commitment to investment in this area.

Brennan’s Acquisition Philosophy and Future Plans

Kevin Brennan, Managing Principal of Brennan Investment Group, expressed excitement over the acquisition. He outlined the company’s approach to investing in functional, multi-tenant assets in land-constrained submarkets. Brennan also indicated a focus on acquiring similar portfolios and individual assets nationwide in 2024.

Impact on the Local Economy and Real Estate Market

This acquisition by Brennan Investment Group is expected to have a positive impact on the local economy, leveraging the robust labor pool and providing seamless access throughout O’Hare and the greater Chicagoland market. It also reinforces the company’s role as a significant player in the industrial real estate sector.

Conclusion

Brennan Investment Group’s latest acquisition in Wood Dale marks a strategic expansion in the Chicago O’Hare submarket, showcasing the firm’s expertise in identifying and capitalizing on prime industrial real estate opportunities.