Brennan Investment Group Expands Chicago Industrial Real Estate Portfolio With Sale-Leaseback Acquisition

Private real estate investment firm Brennan Investment Group recently completed the acquisition of a Class A industrial building located in the Chicagoland submarket of Bolingbrook, Ill. This acquisition expands Brennan’s Chicago portfolio to 10.5 million square feet.

Situated on a lot of approximately nine acres in the highly sought-after Interstate 55 industrial corridor, the property incorporates 55,000 square feet of Chicago industrial space. It also offers premier access to regional and national transportation routes and benefits from its infill location within one of the most active industrial submarkets in the metro.

Located within close proximity of key transportation infrastructure, including interstates 55 and 355, the property provides efficient connectivity to the greater Chicago metropolitan area and beyond.

Property features are up to modern industrial specifications, including 25-foot clear heights, six dock-high doors, two drive-in doors, heavy power, and excess land that can be used as auto or trailer parking. These are all benefits that the current tenant/former owner of the property is well aware of.

“This acquisition represents a strategic ‘bolt-on’ to our growing I-55 portfolio,” said Dan Smith, senior vice president at Brennan Investment Group. “The combination of in-place tenancy, functional building design and infill location allows us to continue building scale in one of the most desirable industrial corridors in the country. This was a natural fit within our broader Chicago portfolio and a compelling opportunity to create additional value over time.”

The acquisition was structured as a sale-leaseback with business process automation company Impact Networking, LLC, which is set to remain in the building under a long-term lease.

“The Chicago industrial market continues to demonstrate resilience and long-term demand drivers, particularly in infill submarkets like Bolingbrook,” said Jack Brennan, managing principal of Brennan Investment Group. “This investment aligns with our strategy of acquiring high-quality assets with strong tenants in supply-constrained locations, and we are pleased to expand our footprint in a market where we have deep experience and conviction.”

According to data analyzed for CommercialCafé’s monthly national industrial real estate report, Chicago industrial sales that closed during the first four months of the year surpassed $1 billion. In fact, industrial real estate changing hands here from the start of the year through April amounted to the second-largest total in the Midwest and fifth-largest nationwide.