Brennan Investment Group Acquires Twelve-Building Complex Near O'Hare Airport
CHICAGO, Dec. 4, 2014 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, acquired the Cumberland Metro Office Park. This portfolio consists of twelve multi-tenant, single-story office/flex buildings totaling approximately 164,448 square feet in the O'Hare submarket of Chicago.
"We are pleased to complete the acquisition of Cumberland Metro Office Park. The O'Hare submarket has demonstrated strong fundamentals, evidenced by twelve consecutive quarters of positive net absorption," said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Scott McKibben, Co-Founder and Managing Principal of Brennan Investment Group, stated, "Cumberland Metro offered us a rare opportunity to acquire twelve assets in the City of Chicago, located on nearly fifteen acres of land, less than two miles from O'Hare Airport. Our investment criteria allows us to act quickly when we see compelling, intrinsic value."
About Brennan Investment Group
Brennan Investment Group, a private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.
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.
Brennan currently owns and manages nearly 20 million square feet of industrial properties throughout the United States in 22 states.
For further information, please visit 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brennan-investment-group-acquires-twelve-building-complex-near-ohare-airport-300004503.html
SOURCE Brennan Investment Group, LLC
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