Brennan Investment Group Acquires 97,568-SF Industrial Property in Addison, Illinois
Brennan Investment Group has announced the acquisition of a 97,568-square-foot, multi-tenant industrial property located in Addison, Illinois. The property sits near the I-355 expressway in the highly sought-after Northern DuPage submarket and offers convenient access to both O’Hare International Airport and downtown Chicago.
“This acquisition highlights Brennan’s focus on acquiring functional industrial real estate in infill submarkets,” said Dan Smith, Senior Vice President for the Chicago/Milwaukee/Minneapolis Region. “The property’s premier location, strong functional attributes, and multi-tenant configuration provide a unique opportunity to deliver strong returns for our fund investors.”
Jack Brennan, Managing Principal of the Midwest Region, added, “This marks the fifth acquisition in our inaugural Opportunity Fund. Corporate America remains the largest owner of industrial real estate in the nation, making the user-owned market an abundant source of value-added investments throughout the Midwest and across the U.S. The Opportunity Fund primarily focuses on this market segment.”
This latest acquisition reinforces Brennan Investment Group’s ongoing strategy to build a diversified portfolio of high-potential industrial assets in key markets.
