CHICAGO—The industrial economy in the US has begun to really hum, and investors increasingly see the sector as a reliable source of solid returns. And Brennan Investment Group has just become the latest investor to take advantage of the revival. The Chicago-based company has joined a client of Arch Street Capital Advisors, LLC and formed a new $300 million joint venture that plans to buy a portfolio of industrial properties in the country's top metro areas.
The partners will focus their attention on facilities critical to the tenants' mission. This is their fourth venture, but the previous three were substantially smaller, each less than $200 million, and Brennan officials tell GlobeSt.com that the boost in funding reflects their growing confidence in the US economy.
“What we see is a resurgence of American industry,” says Michael Brennan, chairman and managing principal of the Brennan group, “because many of the forces that drive industrial absorption have come back.” These include the resurrection of the auto industry, the tremendous expansion of American oil and natural gas production, the continuing revival of the multifamily and single-family home markets and the growing confidence of lenders in mid-sized companies.
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