Brennan Investment Group Leases 140340 Square Feet To Tovala In Winfield Industrial Facility
Building Size
140,340 SF
Asset Type
Industrial
Closing
Feb 11, 2026
AI
An industrial asset located in Winfield, Illinois has a total square footage of 140,340. The property will serve as a build-to-suit food processing facility for Tovala, with construction set to begin in March 2026 and completion expected in the second quarter of 2027.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: Long-term
- Landlord: Michael Brennan - Brennan Investment Group
- Tenant: David Rabie - Tovala
- Landlord's Representative: Tod Greenwood, Jack Brennan & Larry DiVito - Brennan Investment Group
- Tenant's Representative: Jonathan Kohn - Colliers
This lease agreement marks the fourth specialized build-to-suit project by Brennan Investment Group in the food processing sector, reflecting their commitment to expanding industry capabilities. The facility aims to enhance Tovala’s production capacity to cater to increasing demand.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93