Brennan Investment Group announced it has acquired a 56,000-square-foot light industrial facility on roughly five acres at 1010 Petersburg Road in Hebron, Kentucky, expanding its Midwest footprint in Cincinnati’s Airport submarket.
The transaction was structured as a sale-leaseback with an established rubber and plastics manufacturing company that has occupied the building for more than a decade, giving Brennan a long-term tenant in what it described as one of the region’s tightest industrial corridors.
The property sits about two miles from Cincinnati/Northern Kentucky International Airport and roughly five miles from Interstates 275 and 75, placing it within the Airpark International Corridor, a fully built-out, master-planned industrial park where vacancy is reported to be under 5%. Brennan said the acquisition adds another institutional-quality asset to its Midwest portfolio, which totals 28 million square feet, and further builds on its growing Ohio-region presence. The firm also noted it acquired an adjacent 100,000-square-foot industrial asset last year, deepening its position in the same submarket.
Executives framed the deal as consistent with Brennan’s strategy of targeting infill industrial locations with constrained supply and securing durable cash flow through long-term leases. The company said it continues to scale its industrial platform nationally, citing a portfolio that spans 29 states and approximately 57 million square feet, and total acquisition or development activity of $6.5 billion in industrial real estate since 2010.
KEY QUOTES
“This acquisition represented a compelling sale-leaseback opportunity in one of the tightest industrial submarkets in the region. We acquired a high-quality facility in a submarket with very low vacancy and signed a long-term lease with an established company that has been a long-term occupant in the facility.”
Doug Lance, Senior Vice President, Brennan Investment Group
“This transaction aligns perfectly with our strategy, tactic and regional growth objectives. This marks another successful acquisition in the Ohio region strengthening our Midwest portfolio with an institutional-quality asset in a premier in-fill location.”
Jack Brennan, Managing Principal, Brennan Investment Group
