Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, has announced its acquisition of a Dow Chemical industrial facility in Freeport, Texas. The Dow Chemical Company (NYSE: DOW) is currently America’s largest chemical manufacturer and second largest globally in terms of revenues. The building is located in the South Houston Industrial Submarket with excellent access to the Gulf of Mexico facilities. With the recent approval of the liquefied natural gas (LNG) export project in Freeport, about $60 billion of energy-related projects have been announced for the Houston market with more anticipated to follow. The Freeport LNG export facility is expected to be in-service as early as late 2017 and is only the second facility of its kind to secure export status to non-free trade agreement nations. Such an expansion will certainly make Freeport a global leader in the evolving oil and gas industry.
“With Houston far past the recession and leading the way into expansion, the surrounding market is set to become America’s energy juggernaut. As the United States is on pace to pass Russia and Saudi Arabia as the leading producer of energy in the coming decade through its resurgence, Freeport’s presence will become more vital than ever to global providers of energy services, including engineering, exploration, and manufacturing,” said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group. “The Houston market is set to thrive with the population expected to double over the next 20 years, a flourishing housing market and a favorable low cost of living. These critical factors further support our strategy to capitalize on industrial real estate in critical metropolitan markets poised for conclusive growth and prosperity.”
“With Houston’s relentless commitment to corporate development projects and continued investment in its own infrastructure, the surrounding market will only continue to grow and perform at an immense pace,” said Troy MacMane, Southwest Managing Principal and Co-Founder of Brennan Investment Group. “The expansion of Houston in the coming years will bring a surge of machinery, infrastructure, jobs and real estate along with it to an area that is already ranked fifth in real estate investment dollars, globally. This sort of activity equates to mass production we have yet to witness in the oil and gas sector.”