{"id":1004127595,"date":"2015-09-17T00:58:43","date_gmt":"2015-09-17T08:58:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361033"},"modified":"2021-05-14T19:29:21","modified_gmt":"2021-05-15T03:29:21","slug":"brennan-expands-portfolio-in-indianapolis-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-expands-portfolio-in-indianapolis-2\/","title":{"rendered":"Brennan Expands Portfolio in Indianapolis"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Brennan Investment Group LLC<\/a> has acquired a portfolio of four multi-tenant, light-industrial properties totaling approximately 544,810 square feet across 10 buildings in three submarkets of Indianapolis. The assets are all situated within proximity to I-465, the 53-mile beltway that surrounds the city.<\/p>\n

\"Scott<\/a><\/p>\n

Scott McKibben, co-founder & CIO for Brennan Investment Group<\/p>\n<\/div>\n

HFF<\/a> Managing Partner, Pat Sullivan, represented the seller in this transaction.<\/p>\n

According to Scott McKibben, co-founder & CIO for Brennan Investment Group, the Indianapolis industrial market has demonstrated exceptional fundamentals, as evidenced by 19 consecutive quarters of positive net absorption.<\/p>\n

“This acquisition was an excellent opportunity to acquire an institutional-quality business park consisting of bulk warehouse, light industrial and manufacturing properties. We also have the ability to increase cash flow through additional leasing of the currently vacant space,” Kevin Brennan, vice president of Acquisitions at Brennan Investment Group, added in prepared remarks.<\/p>\n

Attracted by the market\u2019s fundamental strength and improving demographics, Brennan has been an active investor in Indianapolis. Since last year, the Chicago-based company acquired an additional 706,292 square feet that included Hillsdale Business Park (in July) and Jackson Industrial Park (during the second quarter of 2014).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Indianapolis industrial market remains strong, as evidenced by 19 consecutive quarters of positive net absorption.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[682],"class_list":["post-1004127595","post","type-post","status-publish","format-standard","hentry","category-indianapolis","category-latest","tag-news"],"acf":[],"yoast_head":"\nBrennan Expands Portfolio in Indianapolis - 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-expands-portfolio-in-indianapolis-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Expands Portfolio in Indianapolis\" \/>\n<meta property=\"og:description\" content=\"The Indianapolis industrial market remains strong, as evidenced by 19 consecutive quarters of positive net absorption.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-expands-portfolio-in-indianapolis-2\/\" \/>\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=\"2015-09-17T08:58:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T03:29:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Scott-McKibben-Co-Founder-and-Chief-Investment-Officer-for-Brennan-Investment-Group-2.png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Brennan Expands Portfolio in Indianapolis\",\"datePublished\":\"2015-09-17T08:58:43+00:00\",\"dateModified\":\"2021-05-15T03:29:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/\"},\"wordCount\":195,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Scott-McKibben-Co-Founder-and-Chief-Investment-Officer-for-Brennan-Investment-Group-2.png\",\"keywords\":[\"News\"],\"articleSection\":[\"Indianapolis\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brennan-expands-portfolio-in-indianapolis-2\\\/\",\"name\":\"Brennan Expands Portfolio in Indianapolis - 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