Brennan Adds Industrial Asset to Company Portfolio
- Mar 02, 2017
Chicago—Brennan Investment Group LLC, a Chicago-based private real estate firm that acquires, develops and operates industrial properties, has announced the purchase of a manufacturing and distribution facility located in Elk Grove Village, Ill.
“We are pleased to complete the acquisition of 2395 Greenleaf Avenue, located in the O’Hare submarket of Chicago. The overall Chicago market has demonstrated strong fundamentals, evidenced by 26 consecutive quarters of positive net absorption, and an overall occupancy of 96.1 percent,” Kevin Brennan, vice president of acquisitions at Brennan Investment Group, said in a prepared statement.
Located at 2395 Greenleaf Ave., the 46,741-square-foot property is currently 100 percent leased to National Metal Fabricators, a leading manufacturer of high quality precision sheet metal fabrication, angle ring manufacturing and specialty custom rolling. The newly acquired asset serves as National Metal Fabricators’ headquarters. The facility is located less than 1 mile away from Elk Grove Village Business Park, one of the largest consolidated industrial parks in North America.
“We acquired a mission critical facility of National Metal Fabricators, an established tenant with a long-term commitment to the area. This acquisition is consistent with our investment objective of producing stable, long-term cash flow for our investors,” Scott McKibben, CIO & managing principal of Brennan Investment Group, said in prepared remarks.
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