Brennan Investment Group, LLC, has acquired an industrial portfolio of four multi-tenant, light-industrial properties — 10 buildings in all — totaling about 544,810 square feet in three submarkets within the Indianapolis market.
The properties are all located within close proximity to Interstate-465, the 53-mile beltway surrounding Indianapolis.
“The Indianapolis market is a strong Midwest market and has demonstrated exceptional fundamentals, as evidenced by 19 consecutive quarters of positive net absorption,” said Scott McKibben, co-founder and chief investment officer for Brennan Investment Group.
Brennan has been an active investor in the Indianapolis market. Within the last 12 months, Brennan acquired an additional 706,292 square feet in the market that included Hillsdale Business Park and Jackson Industrial Park.
HFF managing partner Pat Sullivan represented the seller in this transaction.
