TAMPA BAY, Fla., March 10, 2011 /PRNewswire/ -- Brennan Investment Group has formed two development partnerships in the Greater Tampa Bay area involving two parcels aggregating 277 acres. The first parcel is 66 acres of rail served land located in Southwest Hillsborough County, one mile west of I-75. The second parcel is 211 acres located in Plant City, Florida adjacent to Interstate 4, halfway between Tampa and Orlando. Combined, these sites can accommodate up to 4,000,000 square feet of new development and will allow for building sizes from 50,000 to 1,000,000 square feet.
The development venture will focus largely on industrial build-to-suits. The partnership will also engage in fee development and entertain select land sales, as appropriate.
"There has been complete lack of industrial development over the last several years and we anticipate an increased demand for quality industrial buildings over the next 24 months", says Robert Krueger, Managing Principal of Brennan Investment Group. "Brennan Investment Group's new venture in these two key Tampa submarkets positions us well to accommodate future tenant requirements".
Collectively, the principals at Brennan Investment Group have developed over 30 million square feet of industrial product throughout the United States. Robert Krueger was the Tampa Bay NAIOP Developer of the Year in 2006 and 2007 and is among the most accomplished industrial professionals in the Florida market. From 1997 to 2009 Krueger acquired and developed over 5 million square feet of industrial space in Florida. Brennan Investment Group further collaborates with Institute St. Onge (www.instonge.com) on build-to-suit developments on a national basis.
About Brennan Investment Group
Brennan Investment Group is a private real estate investment firm that co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The principals of Brennan Investment group have extensive experience in all aspects of commercial real estate including transactions encompassing over 4,000 properties in 60 cities across the United States, Canada and Europe. For more information, visit www.brennaninvestmentgroup.com.
SOURCE Brennan Investment Group