{"id":1004328308,"date":"2019-05-31T05:10:01","date_gmt":"2019-05-31T13:10:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328308"},"modified":"2019-05-31T05:10:01","modified_gmt":"2019-05-31T13:10:01","slug":"brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/","title":{"rendered":"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse"},"content":{"rendered":"<div id=\"attachment_1004328317\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004328317\" data-attachment-id=\"1004328317\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/308-s-division-st-image-courtesy-of-brennan-investment-group\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"308 S. Division St. Image courtesy of Brennan Investment Group\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;308 S. Division St. Image courtesy of Brennan Investment Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg?w=800\" class=\"size-medium wp-image-1004328317\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004328317\" class=\"wp-caption-text\">308 S. Division St. <em>Image courtesy of Brennan Investment Group<\/em><\/p><\/div>\n<p>In a joint venture transaction, Brennan Investment Group LLC has completed the acquisition of the 1.3 million-square-foot industrial property at 308 S. Division St. in Harvard, Ill., within the Chicago MSA. The private real estate firm teamed with a client of Arch Street Capital Advisors LLC to purchase the fully leased asset from Industrial Realty Group through the partners\u2019 $300 million USIPA \u2013 Brennan Ventures II LLC investment vehicle.<\/p>\n<p>Located on approximately 60 acres roughly 70 miles equidistant from Chicago and Milwaukee, 308 S. Division came online in two phases, opening in 1949 before evolving into its current incarnation in 1982. Leading hardware wholesaler True Value Co. took occupancy of the single-tenant distribution facility in 1998 and continues to call the property home today.<\/p>\n<p>The 308 S. Division transaction marks Brennan and Arch Street\u2019s 10th and final acquisition for USIPA \u2013 Brennan Ventures II, a single-tenant net lease aggregation venture. <em>\u201cThe market is as competitive as it has ever been, but we also have more sourcing relationships as our portfolio has grown,\u201d<\/em> Robert Vanecko, managing principal of Brennan Investment Group LLC, told <em>Commercial Property Executive<\/em>. <em>\u201cWe have to work harder and our acceptance rate is much lower, but we are still able to source good deals.\u201d<\/em><\/p>\n<h2><strong>More of a good thing<\/strong><\/h2>\n<p>Brennan and Arch Street have been <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-arch-street-buy-multi-state-industrial-portfolio\/\">investing together since 2010<\/a> and have now acquired single-tenant assets totaling more than 20 million square feet via seven joint ventures, including the now-closed USIPA \u2013 Brennan Ventures II, which boasts a portfolio that encompasses 3.4 million square feet. Next, the companies will launch an eighth joint venture, USIPA \u2013 Brennan Ventures III, which, like its predecessor, will have $300 million of purchasing power for net lease industrial real estate.&nbsp;<\/p>\n<p>All told, Brennan has a 40 million-square-foot footprint spanning 30 U.S. states\u2014for now. The company\u2019s expansion through acquisitions and new developments is ongoing. <em>\u201cWe continue to have a strong appetite for industrial property leased to solid middle market companies across all regions of the U.S.,\u201d<\/em> Vanecko said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real estate firm and a client of Arch Street Capital Advisors purchased the fully leased property through the $300 million USIPA \u2013 Brennan Ventures II LLC investment vehicle.  <\/p>\n","protected":false},"author":969,"featured_media":1004328317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21808,21748,21783,13,21742],"tags":[37542,33335,38622,43925],"class_list":["post-1004328308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-featured","category-industrial","category-investment","category-midwest","category-latest","tag-arch-street-capital-advisors","tag-brennan-investment-group","tag-industrial-realty-group","tag-true-value"],"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 Investment Group JV Buys 1.3 MSF Chicago Warehouse - 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-jv-buys-1-3-msf-chicago-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse\" \/>\n<meta property=\"og:description\" content=\"The real estate firm and a client of Arch Street Capital Advisors purchased the fully leased property through the $300 million USIPA \u2013 Brennan Ventures II LLC investment vehicle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/\" \/>\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=\"2019-05-31T13:10:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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-jv-buys-1-3-msf-chicago-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/\",\"name\":\"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\",\"datePublished\":\"2019-05-31T13:10:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg\",\"width\":800,\"height\":620,\"caption\":\"308 S. Division St. Image courtesy of Brennan Investment Group\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse\"}]},{\"@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\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse - 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-investment-group-jv-buys-1-3-msf-chicago-warehouse\/","og_locale":"en_US","og_type":"article","og_title":"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse","og_description":"The real estate firm and a client of Arch Street Capital Advisors purchased the fully leased property through the $300 million USIPA \u2013 Brennan Ventures II LLC investment vehicle.","og_url":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-05-31T13:10:01+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","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-investment-group-jv-buys-1-3-msf-chicago-warehouse\/","url":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/","name":"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg","datePublished":"2019-05-31T13:10:01+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg","width":800,"height":620,"caption":"308 S. Division St. Image courtesy of Brennan Investment Group"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-group-jv-buys-1-3-msf-chicago-warehouse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse"}]},{"@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\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/308-S.-Division-St.-Image-courtesy-of-Brennan-Investment-Group.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328308","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\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004328308"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328308\/revisions"}],"predecessor-version":[{"id":1004328320,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004328308\/revisions\/1004328320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004328317"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004328308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004328308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004328308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}