Brennan doubles down on Midwest industrial with $77M deal; Investcorp, Farallon last bought Chicago and Milwaukee portfolio for combined $61M

Highlights
Rosemont-based Brennan Investment Group acquired a portfolio of 13 industrial properties, totaling 802,000 square feet across suburban Chicago and Milwaukee, for about $77 million.
The transaction, primarily involving properties sold by InvestCorp, was financed with a $59 million loan from Bank of America and signals Brennan's confidence in the Midwest market.
The Chicago industrial market shows positive demand, with net absorption improving significantly to 7.3 million square feet in the last quarter of 2025, while the construction pipeline stabilizes at 13 million square feet under construction.

Investcorp
Herb Myers | Co-Head of Real Estate North America
Investcorp
Michael Moriarty | Managing Director, Head of Commercial Acquisitions
Brennan Investment Group
Michael Brennan | Chairman, Managing Principal

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