Brennan Investment Group Completes Industrial Acquisition In Freeport, Texas
Brennan Invests In The Texas Gulf Coast Energy Region; Acquires Critical Facility Leased To Dow Chemical
CHICAGO, Sept. 26, 2013 /PRNewswire/ — Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of 6711 Highway 332 in Freeport, Texas, located in the South Houston Industrial submarket. The occupant of the building is Dow Chemical, America’s largest chemical manufacturer, under a long term lease.
“Apart from the strong, general economic conditions present throughout Houston, the Texas Gulf region will be the beneficiary of an estimated $60 billion of approved energy-related projects over the next several years,” said Michael Brennan, Chairman and Co-Founder of Brennan Investment Group. “Further, the opening of the Panama Canal to liquefied natural gas ships in 2014 will accelerate port activity to and from Asia and provide yet another boost to the region.”
“The oil and gas business has a long supply chain and this high level of new investment by energy and chemical firms will lead to tenant demand from manufacturers, engineering, distribution, and construction firms,” said Troy MacMane, Managing Principal and Co-Founder of Brennan Investment Group. “That, in turn, should drive interesting niche investment opportunities.”
Brennan Investment Group is actively pursuing individual properties and portfolios in the Los Angeles, Texas, Florida, Washington D.C., Northern New Jersey, Atlanta, and Midwestern industrial markets.
Tom Lynch and Paul Segreto of CBRE represented the seller in the transaction.
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.
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 further information, please visit www.brennanllc.com.
Brennan Investment Group, LLC
9450 W. Bryn Mawr Avenue
Rosemont, IL 60018
Tel +1 847-813-6800
Fax +1 847-257-8888
SOURCE Brennan Investment Group