Industrial Property Acquired by Brennan and Partner

GRAND PRAIRIE, TX—Brennan Investment Group, LLC, a private investment firm that acquires, develops and operates industrial properties on a national basis, has completed the acquisition of Woodlands Business Park near Dallas.

The deal consists of three industrial facilities currently leased to twelve tenants. This acquisition was undertaken in a joint venture with Origin Capital Fund II LLC, advised by Original Capital Partners, Chicago.

"We are pleased to complete the acquisition of a three-building portfolio located in the Great Southwest market, a Dallas sub-market with strong fundamentals,” said Troy MacMane, co-founder and managing principal of Brennan Investment Group. “The strength of the overall Dallas/Fort Worth market is evidenced by 15 consecutive quarters of positive net absorption, and a vacancy rate of 6.3%."

Michael Brennan, chairman and co-founder of Brennan Investment Group added: "The markets within the Texas Triangle - Houston, Austin, San Antonio, and Dallas - remain a strategic focus of our future investment activities. The vitality of these business communities, coupled with strong demographic trends, provides steady and predictable demand for industrial space in these markets."

Brennan Investment Group has acquired 23 buildings and commenced development on 5 projects in the Texas market since 2012. Steve Rowland, of Transwestern, assisted in the transaction.

Origin Capital is a Chicago-based investment manager that acquires commercial real estate in select U.S. markets on behalf of its principals and investment partners.