Brennan Buys Indy Industrial Portfolio

CHICAGO, INDIANAPOLIS—Brennan Investment Group, LLC, a Chicago-based private real estate investment firm, has just completed its acquisition of Jackson Industrial Park, a portfolio in Indianapolis that consists of four multi-tenant, light-industrial facilities totaling about 260,400-square-feet. As reported in GlobeSt.com, Brennan successfully utilized crowdfunding with Los Angeles-based Realty Mogul to complete the purchase. Accredited investors used this online platform to contribute more than one million dollars toward the $8.7 million deal.

“I’ve invested in Indianapolis since 1994, and I’ve always felt that the demographics of the area were very strong,” Michael W. Brennan, chairman and founding partner of Brennan and a co-founder and former chief executive officer of First Industrial Realty Trust, tells GlobeSt.com. Above all, the educated workforce has long been a magnet, attracting employers from a wide variety of industries.