Real Estate Veteran Mike Brennan Launches Industrial Real Estate Investment Firm

Former First Industrial CEO Establishes Brennan Investment Group

CHICAGO, Oct. 29 /PRNewswire/ -- Michael W. Brennan, former President and
Chief Executive Officer of First Industrial Realty Trust, today announced the
formation of Brennan Investment Group, LLC, a privately-held industrial real
estate investment firm.

Brennan Investment Group will opportunistically acquire, develop and operate
industrial properties in select major metropolitan markets throughout the
United States. The firm's managing principals will co-invest with private and
institutional capital, pursuing single asset and portfolio acquisitions,
including acquisitions of debt. "We established Brennan Investment Group at
one of the most opportune periods the industrial real estate market has ever
seen," said Brennan, Chairman and Managing Principal of Brennan Investment
Group. "With no legacy burdens, our firm is well positioned to capitalize on
current and future market conditions in order to achieve outstanding
risk-adjusted returns. With years of successful acquisition and development
experience, our team has deep connections in key markets that will allow
Brennan Investment Group to act nimbly and seize strategic investment
opportunities as they arise."

"The industrial real estate sector is a large, stable and diversified
investment class offering a compelling opportunity for both current income and
appreciation," Brennan continued. "Our firm will use a disciplined investment
approach to strategically exploit investment opportunities."

Prior to forming Brennan Investment Group, Brennan co-founded First Industrial
Realty Trust and served as the President, Chief Executive Officer and a member
of the Board of Directors. Under his direction, the company assisted many of
the nation's largest industrial users in completing complex supply chain
reconfigurations and attracted investment partners including The Carlyle
Group, the Kuwait Finance House, Union Bank of Switzerland, ING, and the
California State Teachers' Retirement System.

Joining Brennan as principals at the firm are experienced industrial real
estate professionals who have collectively invested in more than 4,000
properties in more than 60 cities throughout the United States, Canada and
Europe.

"The firm's management team comprises some of the most accomplished industrial
real estate executives in the United States," said Brennan. "Many of us have
worked shoulder-to-shoulder and share a mutual hunger and vision for creating
value for investors. I'm thrilled such strong talent has joined me to build
the new gold standard in industrial real estate firms."

The principals of Brennan Investment Group include:

-- Peter F. Murphy as Co-Founder, Vice-Chairman and Managing Principal
responsible for transactions in the Eastern United States. Murphy
joins
the company from First Highland Management and Development Corporation
where he is a Principal and has developed over 10 million square feet
of
industrial assets. Over the course of his career, Murphy has
orchestrated more than $800 million in commercial real estate
transactions totaling over 25 million square feet.
-- Kareem M. Fikri as Co-founder and Managing Principal responsible for
transactions in the Midwestern United States, with a focus on Chicago.
Fikri was Founder and President of Fik Investment Corporation, a
company
with approximately 8 million square feet of office and industrial
assets
under management in 18 U.S. cities. Fikri is credited with managing
the
first Sharia compliant industrial fund in the United States, a joint
venture between First Industrial and the Kuwait Finance House.
-- Robert J. Krueger as Co-Founder and Managing Principal responsible for
transactions in Central Florida. Krueger joins the company from First
Industrial where he acquired and developed approximately 5 million
square feet of industrial and flex space in the Florida market.
Krueger
is among the most accomplished industrial professionals in the Florida
market, with 34 years of experience in construction, development, and
acquisitions.
-- Britten Shuford as Co-Founder and Managing Principal responsible for
investments in the Western United States, with a focus on Southern
California. Mr. Shuford is Co-Managing Partner and Principal of
Pacifica
Capital Group, a Los Angeles based firm that has acquired or developed
approximately 15 million square feet of commercial property. Mr.
Shuford
was an important advisor to First Industrial beginning in 1999,
helping
to significantly expand their Los Angeles investment presence. Shuford
has orchestrated more than $1 billion in commercial real estate
transactions totaling over 8 million square feet.

-- Kevin Smith as Co-Founder and Managing Principal responsible
transactions in Cleveland, Columbus, Cincinnati, Nashville, Memphis
and
Indianapolis. Smith joins the company from First Highland Management
and
Development Corporation where he is a Principal and orchestrated more
than $500 million in industrial real estate transactions totaling more
than 20 million square feet, including 15 million square feet of
industrial redevelopments.

Brennan Investment Group's primary target markets span the United States,
including Central Florida, Chicago, Northern New Jersey, Southern California,
Texas, and Washington D.C. Additionally, the firm will invest on an
opportunistic basis in markets it classifies as secondary, including Atlanta,
Cincinnati, Columbus, Harrisburg, Indianapolis, Louisville, Memphis, Miami,
Milwaukee, Minneapolis, Nashville, Philadelphia, Phoenix, Salt Lake City, San
Diego, San Francisco Bay, and St. Louis. Investments will include bulk and
regional warehouses, as well as light industrial. The firm is headquartered in
Chicago, with additional offices in Los Angeles, Boston and Cincinnati.

About Brennan Investment Group, LLC
Brennan Investment Group, LLC, a Chicago-based private real estate investment
firm, acquires, develops and operates industrial properties in select major
metropolitan markets throughout the United States. The company's experienced
principals utilize a disciplined investment approach in selectively
identifying opportunities that achieve outstanding risk-adjusted returns to
their investors. For more information please visit us at
www.brennaninvestmentgroup.com

SOURCE Brennan Investment Group, LLC

Ryan O'Halloran of Brennan Investment Group, +1-312-629-5124,
rmohalloran@brennaninvestmentgroup.com; Judy Brennan of Ketchum,
+1-312-228-6884, Judith.Brennan@Ketchum.com, for Brennan Investment Group,
LLC