CHICAGO-Houston-based industrial private equity firm Trident Equity Partners LLC is merging into locally-based Brennan Investment Group, a firm that former First Industrial Realty Trust president and CEO Mike Brennan started in October 2009. The principals at Trident will operate under the Brennan name and will focus their efforts in the major markets of Texas, Arizona and Colorado. Continue Reading…
Brennan Investment, Institute St. Onge Partner on Build-to-Suit Projects
Brennan Investment Group, an industrial real estate investment firm, is partnering with Institute St. Onge to develop industrial buildings on a build-to-suit basis across the United States.
Institute St. Onge is a supply chain infrastructure advisory and investment company and affiliate of supply chain consulting firm St. Onge Co. Brennan plans to provide capital while Institute St. Onge serves as development manager for companies looking to lease or own new, customized industrial facilities.
Analysts Ryan O’Halloran and Kevin Brennan on the Midwest Industrial Environment
Industrial markets in the Midwest are experiencing a consistent lack of demand from space users. Lease rates have fallen 25 percent in the last 3 years, with additional lease concessions further deteriorating net effective lease rates. In relative terms, Midwest markets have fared better than many of the industrial markets that benefitted from excessive investment capital in 2005 to 2007, such as Southern California, Miami and New Jersey. The primary difference in the fortunes of the majority of Midwestern markets versus other core industrial markets is the difference in the fortunes during the 2004 to 2007 period when Midwestern markets lagged those core institutional markets.
NEW YORK CITY-The market has changed, and it’s time to start buying properties, said Michael Brennan, founder of Brennan Investment Group and former chief executive of First Industrial Property Trust. “The proper thing is to be out there prepared to buy,” he said.
Brennan spoke to John Salustri, editorial director of ALM’s Incisive Media Group. To view the full interview, click the link below.
Real Estate Veteran Mike Brennan Launches Industrial Real Estate Firm
CHICAGO, Oct. 29 — Michael W. Brennan, former President and Chief Executive Officer of First Industrial Realty Trust, today announced the formation of Brennan Investment Group, LLC, a privately-held industrial real estate investment firm.
Brennan Investment Group will opportunistically acquire, develop and operate industrial properties in select major metropolitan markets throughout the United States. The firm’s managing principals will co-invest with private and institutional capital, pursuing single asset and portfolio acquisitions, including acquisitions of debt. “We established Brennan Investment Group at one of the most opportune periods the industrial real estate market has ever seen,” said Brennan, Chairman and Managing Principal of Brennan Investment Group. “With no legacy burdens, our firm is well positioned to capitalize on current and future market conditions in order to achieve outstanding risk-adjusted returns. With years of successful acquisition and development experience, our team has deep connections in key markets that will allow Brennan Investment Group to act nimbly and seize strategic investment opportunities as they arise.”
“The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation,” Brennan continued. “Our firm will use a disciplined investment approach to strategically exploit investment opportunities.”
Prior to forming Brennan Investment Group, Brennan co-founded First Industrial Realty Trust and served as the President, Chief Executive Officer and a member of the Board of Directors. Under his direction, the company assisted many of the nation’s largest industrial users in completing complex supply chain reconfigurations and attracted investment partners including The Carlyle Group, the Kuwait Finance House, Union Bank of Switzerland, ING, and the California State Teachers’ Retirement System.
Michael Brennan Joins the Graaskamp Center as Executive Director
The James A. Graaskamp Center for Real Estate at the Wisconsin School of Business is pleased to announce the appointment of Michael W. Brennan as Executive Director, beginning May 26, 2009.
Brennan has more than 25 years experience in real estate investment and analysis. He is co-founder and the former president and CEO of First Industrial Realty Trust, and former president and partner of The Shidler Group. Often sought as an industry expert on industrial real estate, Brennan has appeared on CNBC, CNN and Bloomberg Television.
He is a member of the President’s Circle Real Estate Roundtable, the National Association of Real Estate Investment Trusts, and the Young Presidents’ Organization. He also serves on three boards: Strategic Hotel and Resorts, Pacific Office Properties, and The Chicago Public Library Foundation.
As executive director, Brennan will work to take the Graaskamp Center to a new level. His mission will be to represent the Center in the real estate community and to lead its quest to provide best-in-class lifelong learning opportunities to real estate professionals. His appointment is a critical step forward in the Center’s efforts to establish the Wisconsin Real Estate program as the world leader in real estate education.
News
Trident Merges Into Brennan’s Industrial Firm
CHICAGO-Houston-based industrial private equity firm Trident Equity Partners LLC is merging into locally-based Brennan Investment Group, a firm that former First Industrial Realty Trust president and CEO Mike Brennan started in October 2009. The principals at Trident will operate under the Brennan name and will focus their efforts in the major markets of Texas, Arizona and Colorado.
Continue Reading…
Brennan Investment, Institute St. Onge Partner on Build-to-Suit Projects
Brennan Investment Group, an industrial real estate investment firm, is partnering with Institute St. Onge to develop industrial buildings on a build-to-suit basis across the United States.
Institute St. Onge is a supply chain infrastructure advisory and investment company and affiliate of supply chain consulting firm St. Onge Co. Brennan plans to provide capital while Institute St. Onge serves as development manager for companies looking to lease or own new, customized industrial facilities.
Continue Reading…
MIDWEST INDUSTRIAL UPDATE: SPRING 2010
Analysts Ryan O’Halloran and Kevin Brennan on the Midwest Industrial Environment
Industrial markets in the Midwest are experiencing a consistent lack of demand from space users. Lease rates have fallen 25 percent in the last 3 years, with additional lease concessions further deteriorating net effective lease rates. In relative terms, Midwest markets have fared better than many of the industrial markets that benefitted from excessive investment capital in 2005 to 2007, such as Southern California, Miami and New Jersey. The primary difference in the fortunes of the majority of Midwestern markets versus other core industrial markets is the difference in the fortunes during the 2004 to 2007 period when Midwestern markets lagged those core institutional markets.
Continue Reading…
It’s Time to Buy Industrial Assets
NEW YORK CITY-The market has changed, and it’s time to start buying properties, said Michael Brennan, founder of Brennan Investment Group and former chief executive of First Industrial Property Trust. “The proper thing is to be out there prepared to buy,” he said.
Brennan spoke to John Salustri, editorial director of ALM’s Incisive Media Group. To view the full interview, click the link below.
Continue Reading…
Real Estate Veteran Mike Brennan Launches Industrial Real Estate Firm
CHICAGO, Oct. 29 — Michael W. Brennan, former President and Chief Executive Officer of First Industrial Realty Trust, today announced the formation of Brennan Investment Group, LLC, a privately-held industrial real estate investment firm.
Brennan Investment Group will opportunistically acquire, develop and operate industrial properties in select major metropolitan markets throughout the United States. The firm’s managing principals will co-invest with private and institutional capital, pursuing single asset and portfolio acquisitions, including acquisitions of debt. “We established Brennan Investment Group at one of the most opportune periods the industrial real estate market has ever seen,” said Brennan, Chairman and Managing Principal of Brennan Investment Group. “With no legacy burdens, our firm is well positioned to capitalize on current and future market conditions in order to achieve outstanding risk-adjusted returns. With years of successful acquisition and development experience, our team has deep connections in key markets that will allow Brennan Investment Group to act nimbly and seize strategic investment opportunities as they arise.”
“The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation,” Brennan continued. “Our firm will use a disciplined investment approach to strategically exploit investment opportunities.”
Prior to forming Brennan Investment Group, Brennan co-founded First Industrial Realty Trust and served as the President, Chief Executive Officer and a member of the Board of Directors. Under his direction, the company assisted many of the nation’s largest industrial users in completing complex supply chain reconfigurations and attracted investment partners including The Carlyle Group, the Kuwait Finance House, Union Bank of Switzerland, ING, and the California State Teachers’ Retirement System.
Continue Reading…
Michael Brennan Joins the Graaskamp Center as Executive Director
Brennan has more than 25 years experience in real estate investment and analysis. He is co-founder and the former president and CEO of First Industrial Realty Trust, and former president and partner of The Shidler Group. Often sought as an industry expert on industrial real estate, Brennan has appeared on CNBC, CNN and Bloomberg Television.
He is a member of the President’s Circle Real Estate Roundtable, the National Association of Real Estate Investment Trusts, and the Young Presidents’ Organization. He also serves on three boards: Strategic Hotel and Resorts, Pacific Office Properties, and The Chicago Public Library Foundation.
As executive director, Brennan will work to take the Graaskamp Center to a new level. His mission will be to represent the Center in the real estate community and to lead its quest to provide best-in-class lifelong learning opportunities to real estate professionals. His appointment is a critical step forward in the Center’s efforts to establish the Wisconsin Real Estate program as the world leader in real estate education.
Continue reading…