Brennan Makes Another Big Industrial Purchase

1005 Westgate St., in Addison, IL, one of several properties in the Central DuPage County submarket just bought by Brennan.

CHICAGO—Brennan Investment Group, LLC recently completed the acquisition of a 30-building industrial portfolio spread across the Chicago region. The Rosemont, IL-based firm specializes in value add industrial properties, and this portfolio, which totals more than two million square feet, is mostly class B and located primarily in the O’Hare, Near North, and Central DuPage submarkets. 

It’s a great time to buy industrial property in the Chicago region. The occupancy rate now hovers at a historic low, making local tenants eager to snap up available spaces. In addition, these buildings sit within infill areas, such as Schiller Park, Elk Grove Village, Niles, Itasca, and Des Plaines, where developers have few options to build new product.