Brennan Investment Group Acquires Industrial Portfolio in Houston
- Nov 10, 2015
By Adelina Osan, Associate Editor
Chicago-based Brennan Investment Group LLC recently announced the acquisition of a six-building industrial portfolio in Houston. Located at 8600-8850 Jameel Rd., the grade-level industrial buildings totaling up to 132,997 square feet are a mix of office and warehouse space.
“We are pleased to complete the acquisition of two locations with high visibility and excellent functionality in the Northwest and Southwest Houston industrial submarkets. The Houston market as a whole has demonstrated strong fundamentals, evidenced by 4.9 million square feet of positive net absorption year-to-date, and a vacancy rate of 4.7%, down 60 basis points from this time last year,” Kyle Harris, acquisition and development analyst at Brennan Investment Group, said in a prepared statement.
The recently purchased industrial assets increase Brennan’s Southwest region portfolio to 27 buildings acquired or built. With nearly $1.3 billion in industrial real estate since 2010, the Brennan Investment Group’s current portfolio spans 22 states and encompasses nearly 23 million square feet.
Image courtesy of Brennan Investment Group LLC