{"id":1004147607,"date":"2016-07-07T09:40:22","date_gmt":"2016-07-07T17:40:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004147607"},"modified":"2020-05-18T17:28:14","modified_gmt":"2020-05-19T01:28:14","slug":"brennan-completes-sale-leaseback-deal-in-suburban-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-completes-sale-leaseback-deal-in-suburban-chicago\/","title":{"rendered":"Brennan Completes Sale-Leaseback Deal in Suburban Chicago"},"content":{"rendered":"<p>By Ioana Neamt<\/p>\n<div id=\"attachment_1004147608\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004147608\" data-attachment-id=\"1004147608\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-completes-sale-leaseback-deal-in-suburban-chicago\/brennanghfh\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg\" data-orig-size=\"699,370\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ioana Neamt&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1467897098&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"brennanghfh\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg?w=699\" class=\"wp-image-1004147608 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg\" alt=\"1717 Gifford Road, Elgin, Ill.\" width=\"300\" height=\"159\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg 699w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/brennanghfh.jpg?resize=300,159 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004147608\" class=\"wp-caption-text\">1717 Gifford Road, Elgin, Ill.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014Rosemont, Ill.-based <a href=\"https:\/\/brennanllc.com\/\" rel=\"nofollow\" target=\"_blank\">Brennan Investment Group<\/a> has announced the purchase and simultaneous leaseback to The Packaging Wholesalers of a 443,103-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\">industrial<\/a> facility in Elgin, Ill. The building, located at 1717 Gifford Road, serves as the company\u2019s headquarters, as well as its main distribution warehouse.<\/p>\n<p>\u201cThe acquisition of The Packaging Wholesalers facility was funded through our $300 (million) net-leased joint venture with one of Arch Street Capital Advisors\u2019 institutional clients,\u201d said Robert Vanecko, Brennan Investment Group managing partner &amp; head of the firm\u2019s single-tenant, net lease division.<\/p>\n<p>\u201cThe Chicago market has demonstrated strong fundamentals, evidenced by nearly six consecutive years of positive net absorption, and an overall occupancy of 96.1 percent,\u201d added Vice President of Acquisitions Kevin Brennan.<\/p>\n<p>Newmark Grubb Knight Frank\u2019s Adam Marshall and Mark Deady represented Brennan in the transaction.<\/p>\n<p><em>Image courtesy of Wikimapia user bolotin<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has completed a sale-leaseback transaction for The Packaging Wholesalers&#8217; headquarters in Cook County.<\/p>\n","protected":false},"author":192,"featured_media":1004147608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,21748,13,21742],"tags":[],"class_list":["post-1004147607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-industrial","category-midwest","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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