CHICAGO, Aug. 18, 2016 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, acquired Kemper Woods Business Center and Fairfield Business Center, two institutional owned business centers located in the greater Cincinnati market. Kemper Woods Business Center is a three-building, industrial, multi-tenant portfolio located in the Northwest submarket in Forest Park, Ohio. Fairfield Business Center is an industrial, multi-tenant building located in the Northwest submarket in Fairfield, Ohio. The portfolio's combined occupancy is 51%.
Scott McKibben, Chief Investment Officer at Brennan Investment Group stated, "This acquisition is illustrative of our criteria to acquire industrial assets at a low basis in infill markets, with the ability to increase cash flow through leasing. Industrial vacancy in Cincinnati reached a historic low of 4.2% in the second quarter of 2016, making it an ideal time to execute a value-add strategy."
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 nearly $1.4 billion in industrial real estate. The company's current portfolio spans 23 states and encompasses nearly 25 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