CHICAGO, Dec. 3, 2015 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has acquired an eight-building industrial portfolio totaling 254,915 square feet. This portfolio consists of light-industrial buildings located in the Northwest Orange County submarket of Orlando, Florida.
"We are pleased to complete the acquisition of this eight building portfolio in the Northwest Orange County submarket, one of the largest industrial submarkets in Orlando, totaling over 21 million square feet. The Orlando market has demonstrated strong fundamentals, evidenced by 2.5 million square feet of positive net absorption year-to-date, and a vacancy rate of 9.2%, down 60 basis points from this time last year," said Scott McKibben, Chief Investment Officer at Brennan Investment Group.
Bob Krueger, Southeast Managing Principal for Brennan Investment Group, stated, "This acquisition is illustrative of our strategy to acquire functional, well-located assets, in a rebounding market with the ability to add value through repositioning and hands-on leasing."
This acquisition increases Brennan's Florida and Southeast region portfolio to 35 buildings.
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 $1.3 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses nearly 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 http://brennanllc.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr
Rosemont, Illinois 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
SOURCE Brennan Investment Group