HOUSTON, TX-Brennan Investment Group, LLC, has acquired approximately 11 acres of land for its second speculative development project in Houston.
Located near the intersections of 1-45 and FM-1960, in Houston's North submarket, Brennan will construct three crane-ready office warehouse buildings totaling 110,000 square feet, each with ample yard area for outside storage. The properties are designed to serve the significant demand for manufacturing, assembly, and distribution uses.
“We made a strategic decision to allocate a significant portion of our capital to the 'Texas Triangle' cities and Houston in particular,” said Troy MacMane, co-founder and managing principal of Brennan Investment Group. “The economic vitality of the Texas economy seems poised to outperform many other regions of the U.S., and the benefits to the industrial real estate market are manifested in 16 consecutive quarters of positive absorption and a 92.5% occupancy rate.”
Brennan is a private real estate investment firm that acquires, operates, and develops industrial properties on a national basis.
Located east of I-45 with frontage on FM-1960 and Bammel, and one mile west of Hardy Toll Road, the site has both excellent access and great visibility from three major thoroughfares. The site is also in close proximity to the new ExxonMobil headquarters campus, a development that will accelerate further investment in the area.
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