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Brennan Buys 26-Property Industrial Portfolio
Chicago-based Brennan Investment Group, LLC acquired a 26-building portfolio totaling more than 1.26 million square feet from Mack-Cali Realty Corporation for a reported $75 million. The properties include light-industrial buildings located in Moorestown and Burlington, NJ, both suburbs within the greater Philadelphia area.
Brennan Investment Group’s Chris Massey says, “Twenty-four of the buildings are in Moorestown and the remaining two are in Burlington, both with easy access to the area’s primary thoroughfares.”
Massey indicated Brennan will open a regional office in one of its Moorestown properties. The Flynn Company will lease and manage the portfolio, and will establish an on-site office together with Brennan.
HFF’s José Cruz, Doug Rodio, Brett Segal and Kevin O’Hearn represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition