Industrial Real Estate Vet Launches Investment Firm

Posted by Orb Staff on November 03, 2009 No Comments
Categories : Commercial Mortgage

Former First Industrial Realty Trust President and CEO Michael W. Brennan has launched a new privately held industrial real estate investment firm in Chicago.

The company, Brennan Investment Group LLC, will acquire, develop and operate industrial properties in select major metropolitan markets throughout the U.S. The firm's managing principals will co-invest with private and institutional capital, pursuing single-asset and portfolio acquisitions, including acquisitions of debt.

‘The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation,’ Brennan says. "Our firm will use a disciplined investment approach to strategically exploit investment opportunities."

Brennan Investment Group's primary target markets span the U.S., including Central Florida, Chicago, Northern New Jersey, Southern California, Texas and Washington, D.C.

The firm will also invest on an opportunistic basis in markets it classifies as secondary, including Atlanta, Cincinnati; Columbus, Ohio; Harrisburg, Pa.; Indianapolis; Louisville, Ky.; Memphis; Miami; Milwaukee; Minneapolis; Nashville, Tenn.; Philadelphia; Phoenix; Salt Lake City; San Diego; San Francisco Bay; and St. Louis.Â

Investments will include bulk and regional warehouses, as well as light industrial. The firm is headquartered in Chicago, with additional offices in Los Angeles, Boston and Cincinnati.

SOURCE: Brennan Investment Group LLC

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