Brennan Picks Up Classic Value-Add Portfolio

Kemper Woods Business Center is a three-building, industrial, multi-tenant portfolio located in the Northwest submarket in Forest Park, OH.

CHICAGO, CINCINNATI—Brennan Investment Group, LLC, a private real estate investment firm, has just acquired Kemper Woods Business Center and Fairfield Business Center, two institutional owned industrial business centers located in the greater Cincinnati market. The Rosemont, IL-based company buys properties on a national basis, and Cincinnati has become one of the most active markets in the Midwest region.

“There has been a lot of institutional interest in Cincinnati, making it a more liquid market,” Michael Brennan, the company’s chairman and managing principal, tells GlobeSt.com. The vacancy rates have plunged to historic lows throughout the metro area. And since these two complexes had institutional ownership, both are in solid shape. “It’s a very good bet that we can lease up these properties.”