Brennan Investment Group has completed a sale and leaseback of a 265,000 sqf warehouse in the Chicago market occupied by a U.S.-based manufacturer and distributor. The seller will continue to occupy the facility under a long-term lease. The property is located within the 1.3 billion sqf Chicago industrial market, which ended 2019 with a vacancy rate of just 3.7 percent and with total net positive absorption of 12.5 million sqf. “This transaction provides another example of Brennan’s strategy to use its capital and expertise to bring industrial real estate solutions to corporate real estate owners,” said Kevin Brennan, Managing Principal at Brennan Investment Group. “Sometimes those solutions are straightforward- a single asset leaseback- and sometimes the solutions involve surplus assets in multiple locations.”
