CHICAGO, Nov. 5, 2015 /PRNewswire/ -- 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."
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired nearly $1.3 billion in industrial real estate. The company's current portfolio spans 22 states and encompasses nearly 23 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
For more information on Brennan Investment Group, go to http://brennanllc.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr
Rosemont, Illinois 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
SOURCE Brennan Investment Group