HOUSTON - Brennan Investment Group LLC has acquired approximately 11 acres located near the intersections of 1-45 and FM-1960. The company will construct three crane-ready office warehouse buildings totaling 110,000 sf, each with ample yard area for outside storage.
The properties in the North submarket are designed to serve the demand for manufacturing, assembly and distribution uses. The site is in close proximity to the new ExxonMobil headquarters campus.
"The economic vitality of the Texas economy seems poised to outperform many other regions of the U.S., and the benefits to the industrial real estate market are manifested in 16 consecutive quarters of positive absorption and a 92.5 percent occupancy rate," said Michael Brennan, chairman of Brennan Investment Group.
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