CHICAGO, May 18, 2016 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its acquisition of 16800 S Canal Street in South Holland, IL. The building is 100% leased to Armacell, a world leader in flexible insulation foams for the equipment-insulation market, as well as a leading provider of engineered foams.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, "We are pleased to complete the acquisition of 16800 S Canal St, located in the South Cook submarket, the third largest submarket in Chicago. The Chicago market has demonstrated strong fundamentals, evidenced by 23 consecutive quarters of positive net absorption year-to-date, and an overall occupancy of 96.1%."
"We acquired a mission critical facility of Armacell, an established tenant with a long-term commitment to the area," said Scott McKibben, Chief Investment Officer at Brennan Investment Group. "This acquisition is consistent with our investment objective of producing stable, long-term cash flow for our investors."
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $1.4 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses over 23 million square feet.
Brennan Investment Group 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 on Brennan Investment Group, go to brennanllc.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr
Rosemont, Illinois 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
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SOURCE Brennan Investment Group, LLC