{"id":1004152561,"date":"2016-09-16T02:25:43","date_gmt":"2016-09-16T10:25:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152561"},"modified":"2020-05-18T20:58:36","modified_gmt":"2020-05-19T04:58:36","slug":"brennan-investment-buys-industrial-park-in-metro-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-industrial-park-in-metro-chicago\/","title":{"rendered":"Brennan Investment Buys Industrial Park in Metro Chicago"},"content":{"rendered":"<p>By Gabriel Culcsar<\/p>\n<div id=\"attachment_1004152564\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004152564\" data-attachment-id=\"1004152564\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-industrial-park-in-metro-chicago\/woodlake\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg\" data-orig-size=\"800,474\" 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=\"woodlake\" data-image-description=\"&lt;p&gt;Woodlake Business Park&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Woodlake Business Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg?w=800\" class=\"wp-image-1004152564 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg\" alt=\"Woodlake Corporate Park, Lombard, Illinois\" width=\"300\" height=\"178\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg?resize=300,178 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/woodlake.jpg?resize=768,455 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004152564\" class=\"wp-caption-text\">Woodlake Corporate Park, Lombard, Ill.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014<a href=\"https:\/\/brennanllc.com\/\" target=\"_blank\" rel=\"nofollow\">Brennan Investment Group<\/a> has acquired Woodlake Corporate Park, an industrial business park in Lombard, Ill.<\/p>\n<p>Located near Interstate 355 Highway, within the East-West Tollway submarket, the property consists of seven industrial flex buildings totaling 262,697 square feet of available space. The properties are 30 minutes from O`Hare International Airport and 20 minutes from Chicago`s central business district, with easy access to 4-Way Interchanges at North Avenue and Roosevelt Road.<\/p>\n<p>According to Scott McKibben, co-founder &amp; CEO of Brennan Investment Group, the East-West Tollway industrial submarket consists of more than 40.6 million square feet of inventory.<\/p>\n<p>\u201cThe Chicago industrial availability rate reached historic lows and ended the quarter at 6.3 percent, down 30 basis points from last quarter,\u201d McKibben said in prepared remarks.<\/p>\n<p>&#8220;This acquisition was an excellent opportunity to acquire an institutional-quality business park with the ability to add value through additional leasing of the vacant space,&#8221; added Kevin Brennan, vice president of acquisitions at Brennan Investment Group.<\/p>\n<p><em>Image\u00a0courtesy of woodlakecorporatepark.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Woodlake Corporate Park offers 262,697 square feet of industrial space across seven buildings. <\/p>\n","protected":false},"author":1065,"featured_media":1004152564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21748,21783,13,21742],"tags":[],"class_list":["post-1004152561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-industrial","category-investment","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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