Brennan Investment Disposing Of $1B In Assets

Brennan Investment's Michael Brennan, First Midwest Bank's Rob Treleven and Brennan Investment's Michael O'Halloran
Chuck Sudo

Brennan Investment Group chairman Michael Brennan (left, with First Midwest Bank VP Rob Treleven and Brennan Investment executive director Brad O'Halloran) said during our industrial summit last month that he's never seen a market with such strong demand for Class-B assets. Brennan is looking to capitalize on that demand. The firm is listing two separate industrial portfolios with a combined 18M SF footprint and a total value of $1B.

Eastdil Secured is handling buyers for an 73-property, 11.7M SF package; 44% of the assets are in the Chicago area. Meanwhile, HFF is listing a 39-property, 6.3M SF portfolio, with six properties in the Chicago market.

The main selling point of the larger portfolio is the long-term leases associated with the properties. The top 20 tenants account for half of the leased space, including APL Logistics (520k SF until June 2018), Nova Wildcat Amerock (499k SF until December 2018), Rowe Fine Furniture (378k SF through 2028) and Oracle Flexible Packaging (350k SF until 2030).

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Trump's New Canadian Tariffs To Spike Additional Materials Costs

Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust Portfolio

Turner Construction Hit With Cyberattack, Hackers Claim Leaks Of Military Info, NDAs

Latest Round Of Fannie Mae Senior Staff Layoffs Has Multifamily Sector Anxious

Why Hines Is Restarting Its Development Engine

Power Availability Becomes New Requirement For Shifting Bay Area Industrial Base

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Nike Closes 15 Stores Amid Tumultuous Year