Brennan and Wismarq complete acquisition transaction
Brennan has acquired assets from Wismarq.
Brennan Investment Group has revealed it has acquired a distribution and production facility from Wismarq Corporation.
The premises, which is in Chicago's Franklin Park, is under two miles from O'Hare International Airport.
Merger and acquisition consultants may have assisted in the transaction, which was supported by seller Duke Realty Corporation.
Wismarq is a leading firm in the US' rolled steel coating sector and has worked out of the facility since 1996, while Brennan operates and acquires industrial premises through its real estate investments.
Scott McKibben, Brennan's co-founder and Midwest managing principal, said the deal illustrates the firm's abilities in purchasing mission-critical, stabilised and functional industrial assets in some of the US' largest metropolitan areas.
"Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, central Florida, Washington DC and mid-western industrial markets," he added.
Mr Brennan is also executive director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin.
Posted by Ron Maverick
Source: Brennan press release, June 18th