Brennan Investment Group acquired an 80,000-square-foot building industrial building 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.
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.
