Brennan Investment Group Expands Denver Industrial Footprint with Montbello Acquisition

Event summary

  • Brennan Investment Group acquired a 64,020 SF industrial property in Denver's Montbello submarket for an undisclosed amount.
  • The acquisition brings Brennan's Denver portfolio to 2.3 million square feet.
  • The property features 21-foot clear heights, heavy power capacity, and flexible outdoor storage.
  • Brennan plans a five-year repositioning strategy including capital improvements and lease-up efforts.
  • The Northeast submarket represents Denver's largest industrial area with tight vacancy for small- to mid-size spaces.

The big picture

This acquisition reinforces Brennan's focus on infill industrial properties in high-growth markets. With $6.5 billion in industrial real estate investments across 30 states, the firm is capitalizing on Denver's strong population growth and limited new supply in the small-bay segment. The strategic location near major transportation corridors positions the property well for logistics and distribution users.

What we're watching

Leasing Velocity
How quickly Brennan can secure tenants in Denver's competitive small-bay industrial segment.
Value Creation
Whether targeted capital improvements will significantly enhance the property's market position.
Market Dynamics
The pace at which supply constraints in Denver's Northeast submarket will ease.

Related topics

Acquisition