Industrial Park Deal CompletePosted: Updated:
Illinois-based Brennan Investment Group LLC has completed the $8.7 million acquisition of Jackson Industrial Park in Indianapolis. The private real estate investment firm used crowdfunding for the purchase of the center, which includes four facilities.
September 24, 2014
Chicago, Illinois -- Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis acquired Jackson Industrial Park. This portfolio consists of four multi-tenant, light-industrial facilities totaling approximately 260,400 square feet in Indianapolis, IN. Brennan Investment Group successfully utilized crowdfunding with Realty Mogul to complete the purchase.
"We are pleased to complete the acquisition of Jackson Industrial Park. The Indianapolis market has demonstrated strong fundamentals, evidenced by 1.5 million square feet of positive net absorption year-to-date, nearly double what the market posted at this time last year," said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Scott McKibben, Co-Founder and Managing Principal of Brennan Investment Group stated, "This acquisition at 77% occupancy is illustrative of our strategy to acquire functional, well-located assets, in major markets with the ability to add value through repositioning and leasing of vacancy."
About Brennan Investment Group
Brennan Investment Group, a private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
Brennan currently owns and manages 15 million square feet of industrial properties throughout the United States in 21 states.
Source: Brennan Investment Group