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IllinoisIndustrial

Robust capital flows set the stage for Chicago’s industrial growth in 2025

Brandi Smith February 18, 2025
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Ninety Logistics Center (Photo courtesy of Brennan Investment Group.)

As capital flows into Chicago’s industrial real estate sector show no signs of slowing, Brennan Investment Group, led by Managing Principal Jack Brennan, is strategically positioned to capitalize on this momentum. Brennan’s combination of deep industry expertise, robust capital relationships and broker-friendly practices has positioned the company as a leader in the Midwest’s competitive industrial real estate market.

“2024 was our company’s most active year from an acquisition’s standpoint, purchasing over $750 million in industrial assets,” said Brennan. “In 2025, we anticipate even greater investment in the sector as our appetite for industrial assets remains very robust.”

Brennan, who moved to the firm last fall, brought with him more than 12 years of experience in commercial real estate. Prior to joining the company, Brennan served as Senior Vice President at CBRE, where he co-led an industrial landlord and tenant representation team. During his tenure, Brennan managed more than $1 billion in transactions nationwide and earned accolades such as CBRE’s RISE-ING Star Award and recognition on the Top Global Producers List in 2023.

Jack Brennan, Managing Principal, Brennan Investment Group

Brennan Investment Group’s outlook for 2025 is supported by strong allocations from capital partners. These investments span a variety of industrial specialties, including single-tenant net lease, value-add projects, development, industrial outdoor storage (IOS), data centers and corporate surplus properties.

“Given the breadth of our capital relationships, we can find the right partner for any given transaction,” said Brennan. “Our dedicated Capital Markets team has been an asset in securing equity and favorable debt terms. We continue to be very bullish in 2025 and have a skilled team in place to navigate the challenges of the current environment.”

As a value-add industrial investor, Brennan Investment Group remains open to exploring new and emerging opportunities. While maintaining a generalist approach, Brennan highlighted the firm’s flexibility in evaluating adaptive reuse projects and logistics-focused developments.

Among the projects spearheading Brennan Investment Group’s 2025 portfolio is the Ninety Logistics Center in Hoffman Estates. The 201,600-square-foot property features prominent I-90 exposure and 34 trailer parking positions. Situated just 17 miles from O’Hare International Airport, the center benefits from excellent tollway visibility and a strategic location within The Huntington 90 Business Park. Additionally, the property boasts a 6B real estate tax incentive, making it an attractive investment opportunity.

“The Ninety Logistics Center is a particularly compelling opportunity for a user buyer,” said Brennan. “The long-term stable income on half of the property makes it an attractive investment.”

Brennan Investment Group attributes much of its success to its strong relationships within the brokerage community. Many members of the company’s senior management, including Brennan himself, previously worked as brokers. This experience has shaped the firm’s broker-friendly approach, which includes paying fees if sellers will not, reciprocating on leasing and sale assignments and allowing brokers to invest in its deals when possible.

“The success of 2024 was made possible through our deep connections in the brokerage community,” Brennan said. “In 2025, we look to further those relationships and acquire more industrial assets.”

With a portfolio that spans 572 properties across 29 states, totaling 56.2 million square feet and $6.5 billion in assets, Brennan Investment Group has established itself as a leader in industrial real estate investment.

“We’ve built our portfolio by marrying veteran industrial expertise with an unwavering commitment to our investors,” Brennan said. “This fusion of principle and perspective is what makes our performance possible.”

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Brennan Investment GroupChicagoHoffman Estatesindustrial
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