CHICAGO, April 30, 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 a Class-A, multi-tenant warehouse and distribution facility totaling approximately 160,035 SF located in the Trolley Industrial Park in Taylor, MI.
"We are pleased to complete the acquisition of 22701 Trolley Industrial Drive, located in the Detroit Metropolitan Airport submarket. This submarket is the largest in Detroit and, due to its proximity to the airport, has historically outperformed its surrounding submarkets. The Detroit market as a whole has experienced a remarkable recovery in the last two years as vacancy rates have dropped over 450 basis points to 5.5% as of Q1 2015," said Ryan O'Halloran, Vice President of Acquisitions at Brennan Investment Group.
Scott McKibben, Co-Founder and Managing Principal for Brennan Investment Group stated, "This acquisition is illustrative of our strategy to acquire functional, well-located assets in a rebounding market. Demand has returned due to the resurgence of the automotive industry, with positive space absorption for the last 16 quarters."
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 over 21 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, LLC