-Absorption above 75% considering that completion of nation’s premier industrial park
CHICAGO, Sept. 10, 2020 /PRNewswire/ — Brennan Investment Team, a private real estate investment organization that acquires, develops, and operates industrial amenities throughout the United States, has introduced its lengthy-phrase lease with Cosentino Group – a international, Spain-centered producer and distributor of large benefit ground breaking surfaces for the design and architectural industries – at Elk Grove Technologies Park. Cosentino will occupy 46,800 SF of a 128,550 SF creating and this will provide as a primary warehouse and distribution facility for their Midwest functions.
Jack Brennan of CBRE represented Brennan Expenditure Team in this transaction. Cosentino Team was represented by Ruth Baker of Mohr Companions, Inc.
“We are energized to have a very revolutionary and globally dependable firm like Cosentino Team as a new, extended-term buyer at Elk Grove Technology Park,” said Kevin Brennan, Handling Principal at Brennan Financial commitment Group. “We are pretty delighted with the stage of leasing and gross sales activity at the Park due to the fact its recent completion in Q1 2020.”
“Whilst we have had a sturdy existence in the Chicago industry for quite a few several years, our new occupancy at the Elk Grove Technologies Park will be instrumental in drastically strengthening our company levels and shipping moments to our clients,” said Massimo Ballucchi, Government Director of Marketing – Americas. “We are searching forward to the partnership with Brennan Financial investment Group and all the conveniences and facilities that this industrial development has to supply.”
The Elk Grove Technological know-how Park is a condition-of-the-art industrial development that spans 85 acres in the heart of the O’Hare industrial submarket, with convenient access to three important highways, O’Hare Worldwide Airport and a large and numerous labor pool. In addition to the buildings’ contemporary physical attributes, the Park capabilities an amenity-prosperous infrastructure of ponds, h2o functions, sculptures, bike and functioning paths, and pedestrian walkways.
“We have witnessed an remarkable level of absorption at Elk Grove Technology Park. Because the completion of Section I just months in the past, more than 75% of the Park has been absorbed by way of a mix of land gross sales, setting up revenue and leases,” explained Michael Brennan, Chairman and Co-Founder of Brennan Financial commitment Team. “This robust need is driven by the Park’s spot, fashionable features, and unrivaled features. It is the ideal industrial advancement to provide a client base that is more and more technological know-how enabled.”
About Brennan Expenditure Team
Brennan Investment Team, a Chicago-centered personal genuine estate expenditure company, acquires, develops, and operates industrial houses in choose significant metropolitan markets all over the United States. Considering that 2010, Brennan Expense Team has obtained around $4 billion in industrial actual estate. The company’s present-day portfolio spans 29 states and encompasses 44 million sq. toes.
Brennan Financial commitment Group co-invests with non-public and institutional cash to realize excellent danger-modified returns. The firm’s administration group is between the most completed in its industry, possessing invested in above 4,000 homes masking far more than 60 metropolitan areas all through the United States, Canada and Europe.
For extra information and facts on Brennan Expenditure Group, go to brennanllc.com.
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