Brennan Investment Group Completes Industrial Real Estate Acquisition in Denver's Montbello Submarket
Brennan Investment Group has completed an industrial real estate acquisition in Denver, purchasing a 64,000-square-foot building at 4881 Ironton Street within the Montbello Industrial Park, the firm announced May 14. The property sits on approximately 3.32 acres in Denver's Northeast Industrial submarket, one of the largest industrial submarkets in the metro area.
The real estate acquisition marks another move by the Chicago-based firm into Denver's infill industrial segment, where availability of small- to mid-size spaces has remained tight relative to the broader market.
Property Features and Repositioning Strategy
The building offers 21-foot clear heights, significant power capacity, multiple dock-high doors, drive-in access, and excess outdoor storage. The property is currently vacant, and Brennan Investment Group intends to reposition the asset through targeted capital improvements and lease-up efforts.
The firm said it will pursue a flexible leasing strategy, with the ability to accommodate either a single tenant occupying the full 64,000 square feet or a multi-tenant configuration. Brennan Investment Group will also consider a sale to an owner-user, according to the announcement.
"The Montbello submarket continues to demonstrate strong fundamentals, particularly for small- to mid-size users seeking well-located infill product," said Brian Roach, Managing Principal for Brennan's Mountain West region. "This acquisition aligns with our strategy of identifying opportunities where we can create value through thoughtful repositioning and leasing. The property's power, yard, and divisibility give us a distinct advantage in a supply-constrained segment of the market."
Location and Submarket Context
The property is located less than one mile from Interstate 70, providing direct access to Denver's major transportation corridors, including Interstate 25 and the broader regional highway system. The Northeast submarket represents the largest industrial submarket in Denver, according to the firm, with continued tenant demand and relatively tight vacancy for spaces in the 20,000- to 65,000-square-foot range.
Brennan Investment Group described the small-bay segment as "supply-constrained," noting the Montbello Industrial Park as a core infill location within Denver's Northeast Industrial submarket.
Brennan's Five-Year Business Plan and Denver Strategy
Brennan Investment Group intends to execute a five-year business plan focused on leasing and stabilization, capitalizing on continued demand for infill industrial product and limited new supply in the small-bay segment.
"Denver remains a high-conviction market for Brennan, supported by strong population growth, tenant demand, and long-term industrial fundamentals," said Kevin Brennan, Chief Investment Officer of Brennan Investment Group. "This investment reflects our continued focus on well-located, functional assets where we can drive value and deliver strong risk-adjusted returns for our partners."
The transaction price was not disclosed. No seller was identified in the announcement.
About Brennan Investment Group
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 2010, the firm has acquired or developed $6.5 billion in industrial real estate across 30 states. Its current portfolio encompasses approximately 58 million square feet. The firm maintains 18 regional offices throughout the United States and co-invests with private and institutional capital.