{"id":1004150651,"date":"2016-08-22T07:29:35","date_gmt":"2016-08-22T15:29:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150651"},"modified":"2020-05-18T21:02:22","modified_gmt":"2020-05-19T05:02:22","slug":"brennan-kicks-off-queen-city-value-add-play","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/","title":{"rendered":"Brennan Kicks Off Queen City Value-Add Play"},"content":{"rendered":"<p><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004150653\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004150653\" data-attachment-id=\"1004150653\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/fairfield-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\" data-orig-size=\"750,422\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Fairfield Business Center\" data-image-description=\"&lt;p&gt;Fairfield Business Center&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Fairfield Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg?w=750\" class=\"wp-image-1004150653 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\" alt=\"Fairfield Business Center\" width=\"300\" height=\"169\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg 750w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004150653\" class=\"wp-caption-text\">Fairfield Business Center<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014Rosemont, Ill.-based <a href=\"https:\/\/brennanllc.com\/\" rel=\"nofollow\" target=\"_blank\">Brennan Investment Group<\/a> announced it has acquired Kemper Woods Business Center and Fairfield Business Center, two institutionally owned business centers located in the greater Cincinnati market.<\/p>\n<p><a href=\"https:\/\/www.cbrecapitalmarkets.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\" target=\"_blank\">CBRE Capital Markets\u2019<\/a> Keith Yearout and Jim Vondran worked with the industrial and logistics team of Doug Whitten, Mike Lowe, Tim Schenke and Jeremy Kraus, on behalf of two separate sellers, to expose the properties to a larger array of buyers.<\/p>\n<p>Fairfield Business Center is a 44,011-square-foot building that includes both office and <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\">warehouse space<\/a> located in the Northwest submarket of Fairfield, Ohio, while Kemper Woods Business Center is a three multi-tenant, <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office<\/a>\/warehouse building complex totaling 98,248 square feet located in the Northwest submarket of Forest Park, Ohio.<\/p>\n<p>The two properties were marketed together as a strategic move to attract more interest in the properties than if they were marketed separately, according to CBRE\u2019s Keith Yearout, vice president. \u201cBrennan Investment Group saw this as a great opportunity to buy well-maintained and strategically located assets that have the potential for capital investment and an increase in leasing momentum, ultimately growing the value of the property.\u201d<\/p>\n<p>&#8220;This acquisition is illustrative of our criteria to acquire industrial assets at a low basis in infill markets, with the ability to increase cash flow through leasing. Industrial vacancy in Cincinnati reached a historic low of 4.2 percent in the second quarter of 2016, making it an ideal time to execute a value-add strategy,&#8221; said Scott McKibben, CIO at Brennan Investment Group.<\/p>\n<p>The Whitten\/Lowe\/Schenke\/Kraus team will lease the vacant office and warehouse space of the two properties. \u201cAs a result of the tight industrial market and an increasing demand for space, both properties will provide a great opportunity for Brennan Investment Group to lease up current vacant space,\u201d said CBRE\u2019s Doug Whitten, first vice president. \u201cWe are excited to work with Brennan Investment Group on the leasing of these assets. They are a great owner to work with and have plans to invest additional capital into the buildings which will help attract tenants.\u201d<\/p>\n<p><em>Image courtesy of Brennan Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chicago-based investment firm has acquired two office\/warehouse assets located in greater Cincinnati.<\/p>\n","protected":false},"author":237,"featured_media":1004150653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1583,21743,21748,21783,13,21742,21747],"tags":[],"class_list":["post-1004150651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-cincinnati","category-deals","category-industrial","category-investment","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brennan Kicks Off Queen City Value-Add Play - 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-kicks-off-queen-city-value-add-play\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Kicks Off Queen City Value-Add Play\" \/>\n<meta property=\"og:description\" content=\"The Chicago-based investment firm has acquired two office\/warehouse assets located in greater Cincinnati.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/\" \/>\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=\"2016-08-22T15:29:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T05:02:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"422\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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-kicks-off-queen-city-value-add-play\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/\",\"name\":\"Brennan Kicks Off Queen City Value-Add Play - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\",\"datePublished\":\"2016-08-22T15:29:35+00:00\",\"dateModified\":\"2020-05-19T05:02:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg\",\"width\":750,\"height\":422,\"caption\":\"Fairfield Business Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan Kicks Off Queen City Value-Add Play\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brennan Kicks Off Queen City Value-Add Play - Commercial Property Executive","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\/news\/brennan-kicks-off-queen-city-value-add-play\/","og_locale":"en_US","og_type":"article","og_title":"Brennan Kicks Off Queen City Value-Add Play","og_description":"The Chicago-based investment firm has acquired two office\/warehouse assets located in greater Cincinnati.","og_url":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-08-22T15:29:35+00:00","article_modified_time":"2020-05-19T05:02:22+00:00","og_image":[{"width":750,"height":422,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg","type":"image\/jpeg"}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/","url":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/","name":"Brennan Kicks Off Queen City Value-Add Play - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg","datePublished":"2016-08-22T15:29:35+00:00","dateModified":"2020-05-19T05:02:22+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg","width":750,"height":422,"caption":"Fairfield Business Center"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-kicks-off-queen-city-value-add-play\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brennan Kicks Off Queen City Value-Add Play"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Fairfield-Business-Center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004150651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004150651"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004150651\/revisions"}],"predecessor-version":[{"id":1004447122,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004150651\/revisions\/1004447122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004150653"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004150651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004150651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004150651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}