SALT LAKE CITY, April 20, 2021 /PRNewswire/ – Brennan Funding Group, a non-public actual property funding agency that acquires, develops and operates industrial amenities all through the US, has introduced the acquisition of 32.57 acres situated at 5933 West 2100 South in Salt Lake Metropolis, Utah, which is located throughout the mixed Airport, California Avenue and West Valley submarkets, largest and most numerous industrial focus within the Salt Lake Metropolis area.
This web site is located on the southwest nook and could have direct entry to the intersection of each Freeway 201 and the Mountain View Hall, which is presently below development. It should have frontage on each Freeway 201 (east-west) in addition to the newly constructed Mountain View Hall (north-south).
Brennan’s technique is to develop two fashionable rear load multi-tenant Class-A industrial amenities, a shallower constructing with 190′ depth and a deeper constructing with 270′ depth, totaling roughly 397,600 rentable sq. ft.
“We undertaking shell completion by second quarter 2022.” mentioned Brian Roach, Managing Principal at Brennan Funding Group. “This would be the second undertaking within the Salt Lake Metropolis space for Brennan and we might be using the identical design-build workforce from our first improvement within the space.”
“Utah is the quickest rising state within the nation with a internet enhance of roughly 400,000 folks shifting into the state within the final 10 years.” mentioned Scott McKibben, Chief Funding Officer, Managing Principal. “This inhabitants growth mixed with the elevated e-commerce and security inventory demand drivers have made this improvement viable and needed.”
About Brennan Funding Group
Brennan Funding Group, a Chicago-based personal actual property funding agency, acquires, develops, and operates industrial properties in choose main metropolitan markets all through the US. Since 2010, Brennan Funding Group has acquired over $4 billion in industrial actual property. The corporate’s present portfolio spans 29 states and encompasses 44 million sq. ft.
Brennan Funding Group co-invests with personal and institutional capital to attain excellent risk-adjusted returns. The agency’s administration workforce is among the many most completed in its business, having invested in over 4,000 properties protecting greater than 60 cities all through the US, Canada and Europe.
For extra data on Brennan Funding Group, go to brennanllc.com.
Media Contact: Ursula Walendzewicz, [email protected], (847) 443-2716
SOURCE Brennan Funding Group, LLC
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