Chicago Investment Firm to Develop 3 Industrial Buildings at Centennial Business Park
Brennan Investment Group, a Chicago-based private real estate investment firm, has acquired approximately 17.9 acres at 7194 S. Revere Parkway in Centennial, marking the firm’s fourth development in Denver since 2018. Brennan plans to develop three Class-A industrial buildings totaling approximately 219,960 rentable square feet.
The planned design features first class amenities that exceed market standards including 28′ clear height, ESFR sprinkler system, and abundant automobile parking and loading positions. The front park/rear load design with building depth of 180′ lays out for multi-tenant occupancy with minimum divisibility of 18,000 square feet.
“The project’s layout and flexibility will accommodate the historic sizes of industrial tenants in this submarket.” said Brian Roach, managing principal at Brennan Investment Group. “We have laid out multiple buildings including two smaller buildings that fit well for single tenants and will be marketed as owner-user buildings.”
“Our investment strategy follows the tremendous growth in the Denver metro area as Denver remains among the top five cities in the nation for population and employment growth.” said Scott McKibben, chief investment officer, managing principal. “We intend to increase our capital allocations as demographic trends indicate industrial demand should be robust.”