{"id":1004087250,"date":"2013-11-20T15:34:56","date_gmt":"2013-11-20T23:34:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=219686"},"modified":"2022-12-09T02:21:21","modified_gmt":"2022-12-09T10:21:21","slug":"brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project\/","title":{"rendered":"Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor <\/em><\/p>\n

\"\"<\/a>Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC recently announced the acquisition of about 8 acres of land in Des Plaines, Ill.<\/p>\n

Located at 1780 Birchwood Avenue, close to I-90 and I-294, the site has been purchased for a development project in Chicago\u2019s O\u2019Hare Industrial submarket. The partnership plans to build the Northeast O\u2019Hare Industrial Center, a state-of-the-art warehouse and distribution building. The 140,000-square-foot building will feature a 32-foot clearance height, ample loading, trailer parking, and auto parking.<\/p>\n

\u201cThe Chicago industrial market \u2013 one of the most diverse in the nation – has seen resurgent tenant demand evidenced by three consecutive years of positive net absorption,\u201d says Scott McKibben, co-founder and managing principal of Brennan Investment Group. \u201cFor this development, we were particularly attracted to the market fundamentals of the O’Hare area, where vacancy has declined five full percentage points in the past two years and now stands at 8.10 percent. We are confident that with year-to-date net absorption of 1.3 million square feet, the O’Hare market is ready for development projects.\u201d<\/p>\n

Jonathan D. Kohn and Thomas C. Rodeno of the Colliers International team have been retained to market the property on behalf of DLJ Real Estate Capital Partners and Brennan Investment Group.<\/p>\n

Designed to serve the increased demand for warehouse, assembly and distribution spaces, the property will be built to a LEED standard.<\/p>\n

\u201cThe property will be attractive to future tenants due to its proximity to the interstate system and its central location, one mile from Chicago’s O’Hare International Airport,\u201d McKibben says.<\/p>\n

Logo Courtesy of: www.brennaninvestmentgroup.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC recently announced the acquisition of around 8 acres of land in Des Plaines, Illinois.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[1815],"class_list":["post-1004087250","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest","tag-national"],"acf":[],"yoast_head":"\nBrennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project - Commercial Property Executive<\/title>\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\/news\/brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project\" \/>\n<meta property=\"og:description\" content=\"Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC recently announced the acquisition of around 8 acres of land in Des Plaines, Illinois.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-20T23:34:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:21:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Brennan-Investment-Group-LLC-Logo.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-and-dlj-real-estate-capital-partners-announce-industrial-development-project\/\",\"name\":\"Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project - 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