Brennan Investment Group Acquires 439,600-Square-Foot Class A Industrial Portfolio in Nampa, Idaho

Brennan Investment Group has acquired a three-building, 439,600-square-foot Class A industrial portfolio in Nampa, Idaho, the firm announced July 16, marking its entry into the Boise industrial market. Financial terms of the transaction were not disclosed.

The portfolio, completed in 2023, consists of three tilt-up industrial buildings situated at the intersection of Franklin Road and Star Road in Nampa, minutes from Interstate 84. The assets are fully leased, and Brennan described the deal as offering "durable cash flow" and "limited near-term lease rollover."

Portfolio Specifications and Submarket Position

The three buildings feature 32-foot clear heights, early suppression fast response (ESFR) sprinkler systems, and truck courts exceeding 130 feet. The 2023 construction vintage means the assets are modern Class A construction.

Nampa is described by Brennan as the Boise area's largest and highest-absorbing industrial submarket. The portfolio's proximity to Interstate 84 provides access to regional distribution lanes.

Exact per-building square footage breakdowns and tenant rosters were not disclosed in the announcement.

Strategic Rationale and Market Drivers

"This acquisition provides an outstanding opportunity to establish Brennan's presence in one of the fastest-growing industrial markets in the Western United States," said Brian Roach, Managing Principal at Brennan Investment Group. "The combination of modern Class A construction, full occupancy, durable cash flow, and limited near-term lease rollover made this an exceptionally attractive investment. We believe the Boise market is positioned for continued long-term growth, and this portfolio provides an excellent foundation for expanding our presence in the region."

Kevin Brennan, Co-Founder and Chief Investment Officer of Brennan Investment Group, pointed to the metro's economic track record as a key factor in the firm's decision. "Our investment strategy centers on acquiring high-quality industrial assets in markets supported by strong economic fundamentals and long-term growth drivers," he said. "Over a 10-year period Boise was ranked number two among 55 large metro areas in job growth and in regional GDP growth. It also benefits from positive in-migration from higher cost coastal states. Further, its economic base derives significant benefits from technology firms, that include Micron Technology, with significant semiconductor manufacturing investments."

Brennan Investment Group's National Industrial Platform

Brennan Investment Group is a Chicago-based private real estate investment firm that acquires, develops, and operates industrial properties across select major metropolitan markets in the United States. Since its founding in 2010, the firm has acquired or developed $6.5 billion in industrial real estate across 30 states. Its current portfolio spans approximately 58 million square feet across 30 states, supported by 18 regional offices nationwide.

The firm co-invests with private and institutional capital and has invested in more than 5,000 properties covering more than 60 cities throughout the United States, Canada, and Europe, according to the company.

Market Implications

The transaction represents Brennan Investment Group's first foothold in the Boise industrial market. The fully leased status of the portfolio at acquisition positions the deal as a stabilized investment. Brennan indicated the Nampa portfolio is intended to serve as a foundation for further regional expansion. Sale price, price per square foot, cap rate, and financing terms were not disclosed.

Sources:
Brennan Investment Group press release via PR Newswire, July 16, 2026