Brennan Investment Group announced the acquisition of a single-tenant industrial property of 100,000 square feet on 18 acres in Hebron, Ky. Located just off Interstate 275 at the CVG Airport and Amazon Prime Air Hub, the property benefits from its premier infill location and an acquisition price below replacement cost.
"This acquisition highlights Brennan's acquisition criteria in the Greater Cincinnati/Northern Kentucky industrial market," said Doug Lance, senior vice president for the Ohio/Indiana/Kentucky region. "The property's premier location adjacent the airport, coupled with its strong functional attributes, provides a unique opportunity to deliver strong returns for our fund investors."
"This marks the third acquisition in our corporate real estate fund," added Jack Brennan, managing principal of the Midwest region. "Corporate America remains the largest owner of industrial real estate in the nation. As such, the user-owned market continues to be an abundant
