Brennan Investment Group has acquired a 10-building, Class B shallow-bay industrial portfolio totaling 482,312 square feet across six submarkets in New York, New Jersey, Pennsylvania, and Florida, as the firm continues to target infill, supply-constrained locations that support last-mile and light industrial demand.
The portfolio includes five Mid-Atlantic properties in Farmingdale, New York; Whippany, New Jersey; and King of Prussia, Pennsylvania, along with five Florida assets in the Tampa, Miami, and Boca Raton markets. Brennan said the buildings feature functional clear heights and a range of loading configurations aimed at modern industrial users.
Brennan highlighted the portfolio’s positioning in dense, urban infill areas with access to major transportation infrastructure, including international airports and marine port terminals. The firm also said the assets are located near growing populations and deep labor pools, with median household incomes roughly 14% above the national average, supporting both regional distribution and tenant demand for space close to end consumers.
The transaction expands Brennan’s footprint in key coastal markets and fits its approach of combining hands-on operations with repositioning initiatives to create long-term value. Financial terms were not disclosed.
Brennan, which is based in the Chicago area, said it has acquired or developed $6.5 billion of industrial real estate since 2010 and currently owns about 57 million square feet across 29 states.
KEY QUOTES:
“This acquisition aligns perfectly with our strategy of targeting functional industrial buildings in supply-constrained, infill submarkets.”
Chris Massey, Managing Principal, Mid-Atlantic Region, Brennan Investment Group
The portfolio’s exceptional proximity to key transportation corridors, airports, and high-density population centers makes it ideally suited for last-mile logistics and light industrial users.”
Bob Krueger, Managing Principal, Florida Region, Brennan Investment Group
“We continue to identify opportunities where hands-on operations and thoughtful repositioning create long-term value. These assets strengthen our presence in key coastal markets and represent the type of well-located, highly functional industrial properties Brennan seeks to acquire.”
Kevin Brennan, Chief Investment Officer, Brennan Investment Group
