INVESTMENTS

Brennan Acquires In-Fill Industrial Sites along I-90 in Hoffman Estates, Illinois

Brennan Investment Group | February 01, 2022

Brennan_Acquires_In
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has announced its acquisition of two land parcels totaling approximately 21 acres along I-90 in Hoffman Estates, IL. The plan is to develop a state-of-the-art, speculative industrial building totaling 201,600 square feet on the larger, 17-acre site and simultaneously pursue build-to-suits on the smaller, 4-acre site.

The properties are situated 10 miles northwest of O'Hare International Airport and provide excellent access to the Chicago MSA via key highway systems and transportation infrastructure.

The properties will have I-90 visibility and benefit from convenient access to I-90 at the Barrington Road interchange, and subsequently, to interstates I-290, I-294, and I-355, providing superior transportation routes for the end user, their customers, and their employees, As of Q4 2021, the overall Chicago industrial market contained approximately 1.2 billion square feet of industrial inventory, which equates to a vacancy rate of 3.3%."

Kevin Brennan, Managing Principal for the Midwest Region.
 

This transaction is illustrative of Brennan's preferred method of land acquisition: in-fill parcels in major markets whose submarkets have compelling fundamentals, Brennan's overall development pipeline will exceed $1 billion in 2022."

Scott McKibben, Brennan's Chief Investment Officer.

About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired or developed $5 billion in industrial real estate in 30 states. The company's current portfolio spans 27 states and encompasses approximately 46 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 11 regional offices throughout the United States, and the firm's management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada and Europe.

Spotlight

Within the white paper the authors explore the question of why many existing buildings have not been retrofitted, despite operational savings, from both a qualitative and quantitative perspective. The qualitative study consisted of interviews with key players in the real estate management chain, including property managers, asset managers, portfolio managers and institutional owners. The quantitative study consisted of the development of a financial model to compare competing alternative capital investments.


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Spotlight

Within the white paper the authors explore the question of why many existing buildings have not been retrofitted, despite operational savings, from both a qualitative and quantitative perspective. The qualitative study consisted of interviews with key players in the real estate management chain, including property managers, asset managers, portfolio managers and institutional owners. The quantitative study consisted of the development of a financial model to compare competing alternative capital investments.

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