CHICAGO, March 4, 2015 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of 13970 Laurel Drive in Lake Forest, Illinois in a joint venture with Goldman Sachs (NYSE: GS). This property will be added to the 23 building portfolio Brennan and Goldman Sachs acquired in late 2014 located within the greater Chicago Metropolitan area and purchased from Mirvac Industrial Trust (ASX: MIX), an Australian public REIT.

"This property fits well within our recently acquired portfolio. Further, the Chicago industrial market remains robust with 7.2% vacancy and 18 consecutive quarters of positive absorption. We continue to look for strategic add-on properties to our Chicago holdings," said Scott McKibben, Managing Principal of Brennan Investment Group.

Michael Brennan, Chairman and Managing Principal of Brennan Investment Group stated, "The industrial real estate markets are beneficiaries of the robust U.S. economy. We are particularly encouraged by the broad based vitality of the economy, including elevated levels of business investment spending."

About Brennan Investment Group

Brennan Investment Group, a private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe. Brennan currently owns and manages over 20 million square feet of industrial properties throughout the United States in 22 states. For further information, please visit www.brennanllc.com.

Brennan Investment Group, LLC

9450 W. Bryn Mawr
Suite 750
Rosemont, Illinois 60018

Tel +1 847-813-6800
Fax +1 847-257-8888
www.brennanllc.com


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brennan-investment-group-acquires-industrial-building-in-lake-forest-il-300045176.html

SOURCE Brennan Investment Group, LLC