CHICAGO-Locally based Brennan Investment Groupand Gatehouse Bank plc have teamed up on a$155-million acquisition of industrial properties across 12 states.The 20 properties acquired from an affiliate of Austin, TX-basedAIC Ventures represent a broad range ofindustries; what all have in common is that they’re 100%leased.

"Over the past year and a half, US industrial markets havedemonstrated remarkable strength, with nearly every major marketposting positive absorption and rising occupancies,”Michael Brennan, chairman and managing principalof Brennan Investment, said in a statement. “The acquisition of 20critical use facilities, amidst resurgent tenant demand, providesour investment a high degree of predictability both now and in thefuture."

Co-founder Robert G. Vanecko adds that thejoint venture with Gatehouse illustrates his company’s ability toacquire functional, stabilized, mission-critical industrial assetsin major metropolitan markets. Vanecko, who’s managing principal atBrennan Investment, adds that the company is actively pursuing bothindividual properties and portfolios in markets ranging from LosAngeles to Washington, DC.