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Brennan Investment Group Le...

Brennan Investment Group Leases 140340 Square Feet To Tovala In Winfield Industrial Facility
LEASEDIndustrial

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

Jonathan Kohn

Colliers

Broker

3 deals

Broker
Brennan Investment Group
Brennan Investment GroupBrokerage

Michael Brennan

Brennan Investment Group

Landlord

$744.1M

vol

14 deals

Landlord

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