Brennan Adds Property to Mirvac Portfolio

CHICAGO—Brennan Investment Group, LLC, has recently bought up a great deal of industrial property in the Chicago metro area due to a great deal of confidence in its market. And the Rosemont, IL-based firm just acquired the 70,196 square-foot 13970 Laurel Dr. in suburban Lake Forest in a joint venture with Goldman Sachs. The company will add this property to the 23-building portfolio Brennan and Goldman Sachs acquired a few months ago from Mirvac Industrial Trust, an Australian public REIT.

The building is 100% occupied by The Popcorn Factory, a part of the 1-800-Flowers Family of Brands, and is critical to its operations, a Brennan official told GlobeSt.com. The tenant recently signed a lease renewal for this building and the adjacent 28160 Keith Dr. The latter building was part of the Mirvac portfolio. The firm uses the buildings for manufacturing and distribution, including a Popcorn Factory retail outlet store.