CHICAGO—Brennan Investment Group, LLC, a private real estate investment firm that has become a prolific national buyer of class B industrial properties, recently acquired the Woodlake Corporate Park in west suburban Lombard. This portfolio consists of seven industrial flex buildings totaling about 262,697 square feet, and company officials say it presents a solid value-add opportunity.
Part of the attraction to this property was its convenience. Located at 800-1000 Parkview Blvd., it is just minutes away from I-355 and between four-way interchanges at North Ave. and Roosevelt Rd., providing easy access from all directions. But perhaps the best reason is the level of demand in the region.
“The Chicago industrial availability rate reached historic lows and ended the quarter at 6.3%, down 30 bps from last quarter,” says Scott McKibben, co-founder and chief investment officer for the Rosemont, IL-based Brennan Investment Group.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
