Brennan Investment Group acquired an 801,728-square-foot industrial portfolio across the Chicago and Milwaukee markets.
The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term over more than 4 years. The Chicago submarkets include I-55, Lake County, Northern DuPage, Central Kane/I-88, while the Milwaukee properties are located within Milwaukee’s Airport and Northwest submarkets.
Brennan plans to fold the 13 buildings into its 28 million square foot Midwestern portfolio. The portfolio features an average building size of 62,000 square feet, an industrial subset that continues to see strong leasing demand.
