Colorado
Brennan Acquires 24 Acres in Thornton, Colorado
– Properly situated within the North I-25 industrial submarket of Denver;
rents and absorption rise in 1st quarter 2022
THORNTON, Colo., April 25, 2022 /PRNewswire/ — Brennan Funding Group (“Brennan”), a non-public actual property funding agency that acquires, develops, and operates industrial amenities all through the US, has acquired 24 acres on the southwest nook of 128th and Washington Avenue, 13 miles north of downtown Denver. Situated within the rising North I-25 industrial submarket, the positioning supplies freeway visibility from Interstate 25. Brennan will develop three class A distribution buildings, totaling 300,000 sq. toes.
“The positioning has great enchantment for tenants, providing fast ingress and egress to Interstate 25, permitting environment friendly drive-times to each Metro-Denver and Northern Colorado,” noticed John Torp, Brennan’s Vice President and challenge supervisor for the Thornton improvement. “Notably sturdy is the provision of labor power labor on this submarket, an vital concern for firms in every single place.”
“The demographic energy of Denver has accelerated tenant demand pushed by job development, family formations, and the in-migration of individuals,” commented Brian Roach, Managing Principal of Brennan’s Mountain West area. Below Roach’s management, Brennan has constructed or acquired 1.6 million sq. toes within the Denver area over the previous 24 months. “Tenant demand continues to exceed the provision of house, pushing asking rents 8.1% increased versus rents one 12 months in the past.”
Brennan has emerged as one of many main builders in the US with 15 million sq. toes deliberate or below building. “Our allocation of capital to industrial improvement follows the secular developments of technology-induced demand. We have witnessed that by way of e-commerce driving distribution absorption, and more and more from robotics pushing manufacturing house demand,” noticed Scott McKibben, Brennan’s Chief Funding Officer. “We capitalize on these developments by deciding on nice in-fill websites, constructing solely state-of-the-art buildings and staffing our areas with native market specialists.”
About Brennan Funding Group
Brennan Funding Group, a Chicago-based personal actual property funding agency, acquires, develops, and operates industrial properties in choose main metropolitan markets all through the US. Since 2010, Brennan Funding Group has acquired or developed $5 billion in industrial actual property in 30 states. The corporate’s present portfolio spans 27 states and encompasses roughly 46 million sq. toes.
Brennan Funding Group co-invests with personal and institutional capital to attain excellent risk-adjusted returns. The corporate has 11 regional places of work all through the US and the agency’s administration crew is among the many most completed in its trade, having invested in over 5,000 properties overlaying greater than 60 cities all through the US, Canada and Europe.
For extra data on Brennan Funding Group, go to www.brennanllc.com
CONTACT: Ursula Walendzewicz, 8476308722, [email protected]
SOURCE Brennan Funding Group, LLC