Brennan Investment Group announced the acquisition of a 55,000-square-foot Class A industrial facility in Bolingbrook, Illinois through a sale-leaseback transaction with Impact Networking, LLC. The acquisition expands Brennan’s Chicago industrial portfolio to approximately 10.5 million square feet.
The property is located on approximately nine acres within Chicago’s I-55 industrial corridor, one of the region’s most active industrial submarkets. The facility offers access to major transportation routes, including Interstate 55 and Interstate 355, providing connectivity throughout the Chicago metropolitan area and national logistics networks.
As part of the transaction, Impact Networking, a business process automation company, will remain in the facility under a long-term lease. The building features 25-foot clear heights, six dock-high doors, two drive-in doors, heavy power capabilities, and excess land that can be utilized for vehicle or trailer parking.
The acquisition supports Brennan Investment Group’s strategy of expanding its presence in key industrial markets through investments in well-located assets with established tenants. The company has acquired or developed approximately $6.5 billion in industrial real estate since 2010 and currently manages a portfolio spanning roughly 58 million square feet across 30 states.
Newmark’s Ryan Harding, Executive Managing Director, and Corey Chase, Senior Managing Director, represented the seller in the transaction.
KEY QUOTES:
“This acquisition represents a strategic ‘bolt-on’ to our growing I-55 portfolio. The combination of in-place tenancy, functional building design, and infill location allows us to continue building scale in one of the most desirable industrial corridors in the country. This was a natural fit within our broader Chicago portfolio and a compelling opportunity to create additional value over time.”
Dan Smith, Senior Vice President, Brennan Investment Group
“The Chicago industrial market continues to demonstrate resilience and long-term demand drivers, particularly in infill submarkets like Bolingbrook. This investment aligns with our strategy of acquiring high-quality assets with strong tenants in supply-constrained locations, and we are pleased to expand our footprint in a market where we have deep experience and conviction.”
Jack Brennan, Managing Principal, Brennan Investment Group
