Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase and simultaneous leaseback of a nine-building manufacturing campus on 15 acres located at 200 Texas Avenue in Columbus, Texas. The properties are 100% long-term leased to KW International (“KWI”) and serve as their manufacturing headquarters and primary manufacturing location. KWI is a manufacturer of oil and gas production and measurement equipment and has provided solutions for the oil and gas industry for more than 50 years.
The facility was built in 2013 and has extensive tenant-specific buildout including four 50-ton cranes, nine 10-ton cranes, inside rail access, and underground power. Columbus is centrally located between Houston, San Antonio, and Austin.
“We appreciate the opportunity to accommodate KWI’s growth through this sale-leaseback transaction,” said Troy MacMane, Brennan Investment Group’s Southwest Managing Principal. “Our ability to find solutions that allow companies to grow supports our investment objective of producing stable, long-term cash flow for our investors.”
“With over 3.5 million square feet in Texas, we are pleased to complete the acquisition and grow our presence throughout the state,” said Scott McKibben, Chief Investment Officer of Brennan Investment Group.