Blackhawk Expands Into Chicago

CHICAGO, IL- The Blackhawk Investment Group, LLC just announced that they have acquired 2147 and 2151 West Evergreen Avenue in Chicago. The firm purchased the property for $5,700,000 from an affiliate of Chicago-based MCZ Development. This was Blackhawk’s first purchase in Chicago and was financed with long-term, fixed Fannie Mae debt originated by Walker & Dunlop.

Drew Breneman, the managing principal of Blackhawk, is only 27 and began buying properties even before graduating from the University of Wisconsin.  He told the college newspaper that he did not “want to be a billionaire” but the firm, formed in 2008, already owns and manages commercial real estate worth about $40 million, primarily in the Twin Cities’ area and suburban Chicago.