CHICAGO, Sept. 13, 2016 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, acquired the Woodlake Corporate Park. This portfolio consists of seven industrial flex buildings totaling approximately 262,697 square feet, located in Lombard, Illinois. The Property is located approximately 30 minutes from O'Hare International Airport and 20 minutes from Chicago's Central Business District with easy access to two major highways.
"Woodlake Corporate Park is strategically located in the East-West Tollway Submarket within the Suburban Chicago Metropolitan Area. The East-West Tollway Submarket consists of over 40.6 million square feet of inventory. The Chicago industrial availability rate reached historic lows and ended the quarter at 6.3%, down 30 basis points from last quarter," said Scott McKibben, Co-Founder and Chief Investment Officer for Brennan Investment Group.
Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group stated, "This acquisition was an excellent opportunity to acquire an institutional-quality business park with the ability to add value through additional leasing of the vacant space."
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 $1.6 billion in industrial real estate. The company's current portfolio spans 23 states and encompasses over 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