Brennan Investment Group Secures $63 Million Refinance From MetLife For Elk Grove Village Complex

The property asset involved in the transaction is the Regent O’Hare industrial complex, located at 921 Busse Road in Elk Grove Village. The facility spans 955,460 square feet and was secured through a refinancing transaction amounting to $63 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63,000,000
• Asset Square Footage: 955,460 SF
• Property Address: 921 Busse Road
• Market: Elk Grove Village
• Lender: Michel A. Khalaf - MetLife
• Landlord: Michael Brennane - Brennan Investment Group
• Loan Type: Refinance

This transaction involved Brennan Investment Group, represented by Michael Brennane, securing financing from MetLife, represented by Michel A. Khalaf. Notably, the refinancing may include an arrangement to buy out former joint venture partner Investcorp as part of the deal, which occurs in the context of a cooling industrial market in Chicago.