Small-bay and outdoor storage remain the I-55 corridor focus
ROSEMONT, Ill., Oct. 27, 2025 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, announced the acquisition of an ±80,000 square foot building situated on 8.83 acres in Woodridge, Illinois.
The property, located within Chicagoland's I-55 submarket at the intersection of I-55 and I-355, was acquired to address the region's shortage of functional small bay industrial product. With a vacancy rate less than 1% among spaces under 50,000 square feet, the I-55 market is experiencing strong demand for flexible, smaller-scale facilities.
"We are very excited to capitalize on the fundamental shortage of functional small bay and outdoor storage in the eastern I-55 submarket," said Dan Smith, Senior Vice President for Brennan's Chicago Region. "The building's precast construction, along with its low building-to-land coverage make it ideal for conversion into a small bay industrial facility."
Brennan's repositioning plan includes demising the building into four 20,000-square-foot suites complete with spec offices, individual docks and drive-in-doors available in each unit, together with a large secured yard. Constructed in 2007, the building also offers significant car parking.
"This latest acquisition is consistent with our continued emphasis on acquiring industrial assets in submarkets with strong fundamentals," said Jack Brennan, Managing Principal of Brennan Investment Group. "Once we complete the repositioning, this will make an excellent addition to our greater Midwest portfolio, now spanning 30 million square feet."
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 or developed $6.5 billion in industrial real estate in 30 states. The company's current portfolio spans 29 states and encompasses over 57 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 18 regional offices throughout the United States, and the firm's management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.
For more information on Brennan Investment Group, go to brennanllc.com.
CONTACT: Ursula Walendzewicz, [email protected], 8476308722
SOURCE Brennan Investment Group
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article