CHICAGO—Brennan Investment Group LLC has acquired a five-building portfolio of corporate warehouse facilities in Chicago from Wisconsin-based Oshkosh Defense.
Brennan contracted to purchase the buildings vacant, but has secured a lease for 50 percent of the portfolio from structured wood products distributor US Glu-Lam Inc.
"This acquisition is illustrative of Brennan Investment Group's ability to acquire functional, well located industrial assets in major metropolitan markets with the intent of adding value through leasing," said Scott McKibben, Midwest managing principal and co-founder of Brennan Investment Group. "Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, Central Florida, Washington D.C., and Midwestern industrial markets."
Walter Murphy of Lee and Associates in Chicago represented the seller in the transaction.
