Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, announced its acquisition of Woodlands Business Park, consisting of three industrial facilities located in Grand Prairie, Texas. Woodlands Business Park is currently 100% leased to thirteen tenants.
Troy MacMane, Co-Founder and Managing Principal of Brennan Investment Group stated, “We are pleased to complete the acquisition of a three-building portfolio located in the Great Southwest market, a Dallas/Fort Worth sub-market with strong fundamentals. The strength of the Dallas/Fort Worth is evidenced by 15 consecutive quarters of positive net absorption.”
“We acquired three well located facilities in a core industrial market. We continue to acquire a variety of property types, in diverse industries and in strong markets which supports our investment objective of producing stable, long-term cash flow for investors”, said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group.
Steve Rowland, of Transwestern, assisted in the transaction.