Investment Firm Adds Laurel Drive Property

A Rosemont-based private real estate investment firm has acquired the property located at 13970 Laurel Drive in Lake Forest in a joint venture with Goldman Sachs, according to a news release posted on CNN Money on Wednesday.

The acquisition was made by Brennan Investment Group, which acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.

“This property fits well within our recently acquired portfolio. Further, the Chicago industrial market remains robust with 7.2% vacancy and 18 consecutive quarters of positive absorption. We continue to look for strategic add-on properties to our Chicago holdings,” said Scott McKibben, Managing Principal of Brennan Investment Group.

The Laurel Drive property will be added to the 23 building portfolio Brennan and Goldman Sachs acquired in late 2014 located within the greater Chicago Metropolitan area.

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