Brennan Investment Group Sells Ogden Corporate Center

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May 21, 2014, 07:00 ET

CHICAGO, May 21, 2014 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates primarily industrial properties on a national basis, and its joint venture partner, Westminster Capital announced the sale of Ogden Corporate Center, a single-story office property, to a private investor. Ogden Corporate Center is located at 801-815 Ogden Avenue in Lisle, Illinois and consists of two, single story, Class A office buildings. The buildings are fully-leased to three tenants with the majority of space occupied by an affiliate of DuPage Medical Group pursuant to a long-term lease. The buildings had significant vacancy when purchased by Brennan Investment Group in 2012 and occupancy was brought up to 100% shortly after acquisition.

"Although not an industrial asset, the purchase and sale of Ogden Corporate Center represents one of Brennan Investment Group's strategies, of acquiring special circumstance properties, and adding value by leasing and improving the property, and selling upon stabilization, maximizing investor returns," said Scott McKibben, Managing Principal and Co-Founder of Brennan Investment Group.

"This was our first investment with Brennan Investment Group," said Mark Mazur, Managing Principal of Westminster Capital. "The Brennan and Westminster teams were aligned in our investment approach on this asset, identifying opportunities with a value proposition and leveraging our experienced platforms to create value and maximize returns. Westminster looks forward to more investments with Brennan."

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 $700 million in industrial real estate. The company's current portfolio spans 21 states and encompasses over 15 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.

About Westminster Capital

Westminster Capital, headquartered in Lake Forest, IL, is a deeply experienced real estate investment manager on behalf of private wealth capital. It has been managing complex real estate matters for private investors and family offices for over 25 years.

The background and experience of the firm's partners range from development of global real estate strategies for Fortune 100 companies to construction and management of investment portfolios. Westminster Capital utilizes a disciplined, value-investing methodology for small-cap to mid-cap real estate. Private client work includes numerous investment funds and private accounts totaling $644 million of investor capital.

For more information on Westminster Capital, go to www.westminstercapitalllc.com.

SOURCE Brennan Investment Group