Brennan Investment Group And Reinsurance Group Of America Secure $59M Loan For Industrial Portfolio

The properties involved in this transaction are an industrial portfolio consisting of three buildings, with a total square footage of 647,717. The assets are located at 2685 Eagle Way, 3770 Symmes Road, and 8551 Seward Road, situated in the markets of Hoffman Estate, IL, Hamilton, and Fairfield, OH. The overall transaction was financially supported by a loan amount of $59,000,000, secured through a regional bank for a five-year term.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $59,000,000
• Square Footage: 647,717
• Addresses: 2685 Eagle Way, 3770 Symmes Road & 8551 Seward Road
• Market: Hoffman Estate, IL; Hamilton & Fairfield, OH
• Landlords: Michael Brennan - Brennan Investment Group; Tony Cheng - Reinsurance Group of America, Incorporated
• Brokers: Matthew Schoenfeldt, Lucas Borges, Brian Walsh, Michael Gurwin & Christian Johnston - JLL
• Loan Terms: five-year

The refinancing was arranged by JLL Capital Markets on behalf of the borrowers, Brennan Investment Group and Reinsurance Group of America. The three-building portfolio is fully leased and consists of Class A assets, which were completed in 2023, demonstrating their recent development and current market placement.