Brennan Investment Group has completed the acquisition of a 13-property industrial portfolio spanning the Chicago and Milwaukee metropolitan areas, totaling approximately 801,728 square feet. The transaction adds scale to Brennan’s Midwest platform and underscores sustained institutional demand for well-located, shallow-bay industrial assets.

The portfolio is comprised primarily of multi-tenant industrial buildings averaging roughly 60,000 square feet per property. These assets are situated within established infill submarkets that benefit from proximity to major transportation corridors, dense labor pools, and diversified tenant demand. Such characteristics continue to support steady occupancy and predictable income streams, even as broader commercial real estate markets adjust to higher interest rates and tighter credit conditions.

According to market participants, the portfolio carries a weighted average lease term of more than four years, providing near-term income stability while offering longer-term upside through contractual rent growth and future lease rollover. Rather than pursuing heavy repositioning or redevelopment, the strategy emphasizes operational efficiency and incremental rent optimization within supply-constrained infill locations.

The acquisition aligns with Brennan’s broader investment thesis focused on acquiring and aggregating small-bay industrial properties in core U.S. markets. With industrial vacancy remaining relatively low in the Midwest compared to coastal markets, institutional investors continue to view the region as offering durable fundamentals, lower basis risk, and favorable long-term demand drivers tied to logistics, light manufacturing, and service-oriented tenants.

➤ TAKEAWAY

This transaction highlights how institutional capital is prioritizing scale, stability, and location quality over speculative repositioning. For owners and operators of shallow-bay industrial assets, sustained rent growth and disciplined asset management — not cosmetic upgrades alone — are increasingly central to value creation in today’s Midwest industrial market.