Brennan Investment Group has recently acquired a portfolio of seven buildings in Wood Dale, Illinois. The properties, totaling 280,947 square feet and situated on 12.5 acres in the highly sought-after O’Hare submarket of Chicago, have been under institutional ownership for over two decades. This strategic investment expands Brennan’s already impressive 10 million square foot Chicagoland portfolio and showcases their ongoing commitment to investing in this thriving market.
According to Dan Smith, Vice President at Brennan responsible for acquisitions and developments in Chicago, Milwaukee and Minneapolis markets: “This acquisition is a key component of our growth strategy as it solidifies our presence within the O’Hare submarket.” The diverse tenant base occupying these properties represents various industries making it an attractive investment opportunity.
Located within DuPage County’s well-established industrial corridor with frontage on I-390 and Thorndale Avenue provides easy access throughout O’Hare as well as greater Chicagoland area. With only 2.1 percent vacancy across its massive inventory of over 101 million square feet; this region offers ample opportunities for businesses looking to establish or expand their operations here due to its robust labor pool diversity.
The post titled “Brennan Expands Presence with Acquisition of Seven-Building Portfolio in Thriving O’Hare Submarket” appeared first on Connect CRE.
