{"id":1004698280,"date":"2024-01-19T12:00:09","date_gmt":"2024-01-19T20:00:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004698280"},"modified":"2024-01-19T12:02:17","modified_gmt":"2024-01-19T20:02:17","slug":"brennan-investment-buys-cincinnati-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/","title":{"rendered":"Brennan Investment Expands Cincinnati Industrial Portfolio"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a348f9a5af63&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004698281\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/10045-international-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\" data-orig-size=\"1000,750\" 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;\\u00a9 Yardi Systems, Inc.&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=\"10045 International Blvd.\" data-image-description=\"&lt;p&gt;10045 International Blvd. is a 263,000-square-foot industrial facility in Cincinnati, Ohio.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The property was previously owner occupied. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\" alt=\"10045 International Blvd. is a 263,000-square-foot industrial facility in Cincinnati, Ohio.\" class=\"wp-image-1004698281\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The property was previously owner occupied. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Brennan Investment Group<\/strong> has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from <strong>Intelligrated<\/strong>, a subsidiary of <strong>Honeywell International<\/strong>. <\/p>\n\n\n\n<p>The buyer paid $14.9 million for the property and took out a $10.4 million bridge loan from <strong>Byline Bank<\/strong>, according to CommercialEdge data.<\/p>\n\n\n\n<p>Prior to the acquisition, the buyer secured a full long-term lease with <strong>Trew<\/strong>, a provider of automated material handling solutions.<\/p>\n\n\n\n<p>The 1986-completed property was expanded and renovated in 2000. Features at the Class A building include 25-feet clear heights, 130-foot truck courts, 390 parking spaces, along with nine dock-high loading doors and four drive-in doors. There is also an outdoor storage area.<\/p>\n\n\n\n<p>The 17.5-acre property is within World Park industrial campus at 10045 International Blvd., providing easy access to interstates 275 and 75. Downtown Cincinnati is less than 20 miles from the asset, while Cincinnati\/Northern Kentucky International Airport is some 53 miles southwest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-brennan-s-midwest-industrial-inventory\">Brennan\u2019s Midwest industrial inventory<\/h2>\n\n\n\n<p>Brennan Investment Group&#8217;s portfolio in the Midwest totals more than 26.7 million square feet of industrial space, Kevin Brennan, managing principal &amp; head of Brennan\u2019s Midwest Region, said in prepared remarks. Currently, the firm is working on <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-plans-suburban-indianapolis-distribution-center\/\">a two-building campus<\/a> outside of Indianapolis, expected to measure some 826,687 square feet. Completion is scheduled for this July.<\/p>\n\n\n\n<p>Additionally, the company is redeveloping a 485,000-square-foot office building into <a href=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-office-asset-for-industrial-redevelopment\/\">a Class A industrial park<\/a>. Located in Rolling Meadows, Ill., the property was formerly the Midwest headquarters of 3Com Corp.<\/p>\n\n\n\n<p>According to the latest <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">CommercialEdge industrial report<\/a>, the Cincinnati metro saw some $645 million in industrial space transacted during the first eleven months of last year. The average price per square foot clocked in at $101, well below the $130 national average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Byline Bank provided a $10.4 million bridge loan for the acquisition.<\/p>\n","protected":false},"author":3355,"featured_media":1004698281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21748,21783,13,21742],"tags":[33335,51943],"class_list":["post-1004698280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-industrial","category-investment","category-midwest","category-latest","tag-brennan-investment-group","tag-byline-bank"],"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 Expands Cincinnati Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.\" \/>\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-buys-cincinnati-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan Investment Expands Cincinnati Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/\" \/>\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=\"2024-01-19T20:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-19T20:02:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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-buys-cincinnati-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/\",\"name\":\"Brennan Investment Expands Cincinnati Industrial Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\",\"datePublished\":\"2024-01-19T20:00:09+00:00\",\"dateModified\":\"2024-01-19T20:02:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg\",\"width\":1000,\"height\":750,\"caption\":\"The property was previously owner occupied. Image courtesy of CommercialEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan Investment Expands Cincinnati Industrial Portfolio\"}]},{\"@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\/6f90c90d1e85956f06679ddabc844412\",\"name\":\"Vicentiu Fusea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"caption\":\"Vicentiu Fusea\"},\"description\":\"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brennan Investment Expands Cincinnati Industrial Portfolio - Commercial Property Executive","description":"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.","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-buys-cincinnati-industrial-facility\/","og_locale":"en_US","og_type":"article","og_title":"Brennan Investment Expands Cincinnati Industrial Portfolio","og_description":"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.","og_url":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-01-19T20:00:09+00:00","article_modified_time":"2024-01-19T20:02:17+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg","type":"image\/jpeg"}],"author":"Vicentiu Fusea","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-buys-cincinnati-industrial-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/","name":"Brennan Investment Expands Cincinnati Industrial Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg","datePublished":"2024-01-19T20:00:09+00:00","dateModified":"2024-01-19T20:02:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412"},"description":"Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg","width":1000,"height":750,"caption":"The property was previously owner occupied. Image courtesy of CommercialEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-investment-buys-cincinnati-industrial-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brennan Investment Expands Cincinnati Industrial Portfolio"}]},{"@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\/6f90c90d1e85956f06679ddabc844412","name":"Vicentiu Fusea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","caption":"Vicentiu Fusea"},"description":"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/10045-International-Blvd.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698280","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\/3355"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004698280"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698280\/revisions"}],"predecessor-version":[{"id":1004698561,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698280\/revisions\/1004698561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004698281"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004698280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004698280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004698280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}