Chicago investment firm to develop 3 industrial buildings at Centennial Business Park
Brennan Investment Group, a Chicagoa private real estate investment company, acquired approximately 17.9 acres at 7194 S. Revere Parkway in Centennial, marking the company’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 includes first-class amenities that exceed market standards, including a headroom of 28 ‘, an ESFR sprinkler system, and ample parking and car loading spaces. The front / rear load yard design with a building depth of 180 feet is intended for multi-tenant occupancy with a minimum divisibility of 18,000 square feet.
“The layout and flexibility of the project will adapt to the historical size of industrial tenants in this sub-market.” mentionned Brian roach, Senior Director at Brennan Investment Group. âWe have fitted out several buildings, including two smaller buildings which are ideal for single tenants and which will be marketed as owner-user buildings.â
âOur investment strategy follows the tremendous growth of Denver metropolitan area like Denver remains among the top five cities in the country in terms of population growth and employment. ” mentionned Scott McKibben, director of investments, general manager. “We intend to increase our capital allocations, as demographic trends indicate that industrial demand is expected to be robust.”