Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has acquired a six-building industrial portfolio totaling 132,997 square feet located at 8600-8850 Jameel Road in Houston, TX and 12705 S Kirkwood Road in Stafford, TX. The grade-level industrial buildings are well-maintained and institutional-owned, with 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,” said Kyle Harris, Acquisition and Development Analyst at Brennan Investment Group.
Troy MacMane, Co-Founder and Managing Principal of Brennan Investment Group stated, “This acquisition is illustrative of our strategy to acquire functional, well-located assets, with the ability to add value through repositioning and hands-on leasing. These assets increase Brennan’s Southwest region portfolio to 27 buildings that we have acquired or built.”