Brennan Investment Buys Office Asset for Industrial Redevelopment

RMC² aerial rendering. Image courtesy of Brennan Investment Group

Brennan Investment Group has acquired a 485,000-square-foot office building in Rolling Meadows, Ill., with plans to redevelop the property into a Class A industrial park. Upon completion, 3800 Golf Road is set to be renamed the Rolling Meadows Commerce Center, or RMC².

According to CommercialEdge data, the previous owner, Spear Street Capital, purchased the property in 2010 for $29.5 million. Formerly the Midwest headquarters of 3Com Corp., 3800 Golf Road is also known as the Atrium Corporate Centre. The three-story building was completed in 1998 and is occupied by Capital One, Cambium Networks, Houghton Mifflin Harcourt and CareerBuilder.

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3800 Golf Road is located on a 40-acre site at the intersection of Interstate 90, I-290 and IL Route 53. The existing building’s demolition will create space for an approximately 600,000-square-foot industrial facility. Plans for the new development call for landscaped grounds and a high-end design.

RMC² will target different types of users including data centers as well as distribution and manufacturing companies. Tenants will be in proximity to dining, entertainment and retail options.

Although a final timeline has not been set, the project is expected to be complete in the next few years.

Brennan is also developing a Class A industrial building in Pearland, Texas. The company acquired 12-acres of land to build a 216,004-square-foot property set to feature 36-foot clear heights, a 175-foot truck court and trailer parking spots.