CHICAGO, July 29, 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 Hillsdale Business Park, a six-building business park comprising 445,892 SF in Indianapolis, IN. Hillsdale Business Park is located at the intersection of two main interstates that serve the Indianapolis metro area, I-465 and I-69.
"We are pleased to complete the acquisition of Hillsdale Business Park. The Indianapolis market is a strong Midwest market and has demonstrated exceptional fundamentals, as evidenced by 2.8 million square feet of positive net absorption year-to-date," said Scott McKibben, Co-Founder and Chief Investment Officer for Brennan Investment Group.
Ryan O'Halloran, Vice President of Acquisitions at Brennan Investment Group, stated, "This acquisition was an excellent opportunity to acquire an institutional-quality business park consisting of light industrial space, office, and medical office. We also have the ability to increase cash flow through additional leasing of the currently vacant space."
Because of the fundamental strength and improving demographics of Indianapolis, Brennan has been an active investor in this market. In the second quarter of 2014, Brennan acquired the 260,400 square foot Jackson Industrial Park located in the East submarket of Indianapolis.
Transwestern Capital Markets Managing Director Gary Nussbaum and Senior Associate David Matheis represented the seller in this transaction.
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 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses nearly 22 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 www.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