Brennan Completes 98,785 Square Foot Lease In O'Hare Market

Pet Food Experts to Occupy Newly Constructed Building in Third Quarter of 2015

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Jun 23, 2015, 06:30 ET

CHICAGO, June 23, 2015 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced that it has signed a new lease with Pet Food Experts for 98,785 square feet in its newly constructed warehouse building located in Des Plaines at 1780 Birchwood Avenue in Chicago's O'Hare Industrial market. The lease will commence in Q3 2015.

Within close proximity to I-90 and I-294, the state-of-the-art warehouse and distribution building totals approximately 140,000 square feet, featuring 32' clear height, ample loading, trailer parking, and auto parking. The property is designed to serve the significant demand for warehousing, assembly, and distribution uses, and was built to a LEED standard.

Scott McKibben, Co-Founder and Chief Investment Officer of Brennan Investment Group stated, "The Chicago Industrial market has demonstrated strong fundamentals, evidenced by 19 consecutive quarters of positive net absorption with the O'Hare market in particular showing elevated levels of absorption. The building's rapid lease up is a testament to both the quality of the asset and the strength of the market."

"We were pleased we could provide a best-in-class facility for our tenant," said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group. "This facility will support their growth and efficiency due to its proximity to the interstate system and Chicago's O'Hare International Airport."

The Colliers International team of Jonathan Kohn and Thomas Rodeno represented Brennan Investment Group, and Daniel Smolensky of Modal Group represented Pet Food Experts in this transaction. Keeley Construction was Brennan's general contractor.

About Brennan Investment Group

Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $1 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses over 21 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.

For more information on Brennan Investment Group, go to www.brennanllc.com.

Brennan Investment Group, LLC

9450 W. Bryn Mawr
Suite 750
Rosemont, Illinois 60018

Tel +1 847-813-6800
Fax +1 847-257-8888
www.brennanllc.com

Photo - http://photos.prnewswire.com/prnh/20150622/224802

SOURCE Brennan Investment Group, LLC