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.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
