Brennan Investment Group has stated the acquisition of Jackson Industrial Park has been completed. This portfolio consists of four multi-tenant, light-industrial facilities totaling approximately 260,400 square feet in Indianapolis, IN. Brennan Investment Group successfully utilized crowdfunding with Realty Mogul to complete the purchase.
“We are pleased to complete the acquisition of Jackson Industrial Park. The Indianapolis market has demonstrated strong fundamentals, evidenced by 1.5 million square feet of positive net absorption year-to-date, nearly double what the market posted at this time last year,” said Kevin Brennan, Vice President of Acquisitions at Brennan Investment Group.
Realty Mogul previously announced their participation in the project having platform investors raise over $1 million to assist in completing the project. The total investment for the property was quoted at $8.7 million.
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