{"id":2612,"date":"2024-02-05T13:17:08","date_gmt":"2024-02-05T13:17:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=2612"},"modified":"2024-02-05T08:46:39","modified_gmt":"2024-02-05T08:46:39","slug":"brennan-investment-group-fort-lauderdale-denver-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/","title":{"rendered":"Brennan Investment Group Acquires 31-Building Industrial Portfolio"},"content":{"rendered":"

Even as supply normalizes and vacancy rates give tenants some leeway, the industrial real estate market is still churning out high-profile sales. Brennan Investment Group \u2014 a private real estate investment firm specializing in acquiring, developing and operating industrial real estate \u2014 announced the purchase of a 31-building portfolio for an undisclosed amount.<\/p>\n

The transaction encompasses the Powerline Business Park in Deerfield Beach, Fla., which is part of the Fort Lauderdale metro, in addition to the Montbello Industrial Park in Denver. The portfolio totals more than 1.3 million square feet.<\/p>\n

\"Powerline
Powerline Business Park in Deerfield Beach, Fort Lauderdale Metro, Fla. Image courtesy of CommercialEdge.<\/em><\/figcaption><\/figure>\n

Located at 4100 N. Powerline Road, the Powerline Business Park currently houses 85 flex-industrial tenants. According to commercial real estate listing and research tool CommercialEdge, the park totals more than 444,000 square feet of Fort Lauderdale industrial space<\/a> across 14 small-bay buildings on a 26-acre lot. Initially built in 1983, the property has more than 520 parking spaces available. Powerline Business Park last changed hands in Q1 2019 for a reported $62.3 million.<\/p>\n

Meanwhile, the Montbello Industrial Park encompasses more than 855,000 square feet of industrial space in Denver<\/a> across 17 buildings. Located in an infill location adjacent to interstates 25, 70, 76, and 270, as well as close to Denver International Airport, the park provides excellent logistical advantages for tenants. Montbello Industrial Park is currently more than 95% leased to 40 light industrial tenants.<\/p>\n

\u201cWe are pleased to conclude this major transaction early in 2024 with an investment that has everything we seek \u2014 in-fill locations, highly functional, and serving a tenant constituency that replenishes and supplies critical needs for strong demographic MSAs,\u201d said Scott McKibben, managing principal and Brennan\u2019s chief investment officer. \u201cBrennan\u2019s ability to source and manage these portfolios has grown with the expansion of our platform. Today, Brennan has 16 offices in major cities, including Chicago, Atlanta, Dallas, Houston, Austin, Tampa, El Paso, Denver, San Diego, Indianapolis, Nashville, Greenville, Philadelphia, Cincinnati and Washington, D.C.”<\/p>\n

Chicago-based Brennan Investment Group operates more than 50 million square feet of industrial space spread across 28 states throughout the U.S. The company focuses on co-investing with private and institutional capital, also investing in properties in Canada and Europe. Alongside the acquisition, Brennan will open a dedicated office for East Coast Florida.<\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t
Industrial space in Dallas<\/a><\/td>Industrial space in Columbus<\/a><\/td>Industrial space in Nashville<\/a><\/td>\n<\/tr>\n
Industrial space in Phoenix<\/a><\/td>Industrial space in Indianapolis<\/a><\/td>Industrial space in Baltimore<\/a><\/td>\n<\/tr>\n
Industrial space in Chicago<\/a><\/td>Industrial space in Denver<\/a><\/td>Industrial space in Boston<\/a><\/td>\n<\/tr>\n
Industrial space in Houston<\/a><\/td>Industrial space in Seattle<\/a><\/td>Industrial space in Los Angeles<\/a><\/td>\n<\/tr>\n
Industrial space in Philadelphia<\/a><\/td>Industrial space in Atlanta<\/a><\/td>Industrial space in Cleveland<\/a><\/td>\n<\/tr>\n
Industrial space in Charlotte<\/a><\/td>Industrial space in Cincinnati<\/a><\/td>Industrial space in Portland<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

The portfolio includes 31 industrial buildings across two industrial parks, totaling some 444,000 square feet of industrial space in Fort Lauderdale as well as 855,000 square feet of industrial space in Denver.<\/p>\n","protected":false},"author":71,"featured_media":2616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[28,69],"class_list":["post-2612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-news","tag-denver-co","tag-fort-lauderdale-fl"],"acf":[],"yoast_head":"\nBrennan Buys Industrial Portfolio in Fort Lauderdale & Denver<\/title>\n<meta name=\"description\" content=\"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Buys Industrial Portfolio in Fort Lauderdale & Denver\" \/>\n<meta property=\"og:description\" content=\"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-05T13:17:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucian Alixandrescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucian Alixandrescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/\",\"name\":\"Brennan Buys Industrial Portfolio in Fort Lauderdale & Denver\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg\",\"datePublished\":\"2024-02-05T13:17:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/8dcdbe23ce3338721621dd397997da66\"},\"description\":\"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg\",\"width\":1300,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan Investment Group Acquires 31-Building Industrial Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/8dcdbe23ce3338721621dd397997da66\",\"name\":\"Lucian Alixandrescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=mm&r=g\",\"caption\":\"Lucian Alixandrescu\"},\"description\":\"Lucian is a senior content writer for CommercialCafe, specializing in commercial real estate research and data-driven reporting since 2019. With deep expertise in industrial real estate, office markets, demographics, and economics, he produces comprehensive market studies and insights on national and regional CRE trends. He also reports on adjacent subjects such as population shifts and the job market. His reports have been cited by and featured in The New York Times, Forbes, NBC, Bisnow, The Business Journals, and Yahoo Finance. Lucian holds a background in language and literature studies and brings more than 5 years of previous freelance writing experience to his commercial real estate journalism.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/lucian-alixandrescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brennan Buys Industrial Portfolio in Fort Lauderdale & Denver","description":"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Brennan Buys Industrial Portfolio in Fort Lauderdale & Denver","og_description":"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.","og_url":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/","og_site_name":"CommercialSearch","article_published_time":"2024-02-05T13:17:08+00:00","og_image":[{"width":1300,"height":800,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg","type":"image\/jpeg"}],"author":"Lucian Alixandrescu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Lucian Alixandrescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/","url":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/","name":"Brennan Buys Industrial Portfolio in Fort Lauderdale & Denver","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg","datePublished":"2024-02-05T13:17:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/8dcdbe23ce3338721621dd397997da66"},"description":"The portfolio totals 444,000 square feet of industrial space in Fort Lauderdale and a further 855,000 square feet of Denver industrial space.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg","width":1300,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/brennan-investment-group-fort-lauderdale-denver-industrial-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Brennan Investment Group Acquires 31-Building Industrial Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/8dcdbe23ce3338721621dd397997da66","name":"Lucian Alixandrescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=mm&r=g","caption":"Lucian Alixandrescu"},"description":"Lucian is a senior content writer for CommercialCafe, specializing in commercial real estate research and data-driven reporting since 2019. With deep expertise in industrial real estate, office markets, demographics, and economics, he produces comprehensive market studies and insights on national and regional CRE trends. He also reports on adjacent subjects such as population shifts and the job market. His reports have been cited by and featured in The New York Times, Forbes, NBC, Bisnow, The Business Journals, and Yahoo Finance. Lucian holds a background in language and literature studies and brings more than 5 years of previous freelance writing experience to his commercial real estate journalism.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/lucian-alixandrescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2024\/02\/Fort-Lauderdale-skyline.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=2612"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2612\/revisions"}],"predecessor-version":[{"id":2630,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2612\/revisions\/2630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/2616"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=2612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=2612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=2612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}