Chicago-headquartered Brennan Investment Group announced its acquisition of a 1.3 million-square-foot industrial portfolio consisting of 16 buildings in Northwest Houston.
The portfolio was sold by Innovex, a subsea oil and gas equipment manufacturer, and is based within a 126-acre master planned business park. The buildings were built between 1999 and 2018, ranging in size from 11,000 to 450,000 square feet, and are designed for manufacturing operations. The financial aspects of the deal were not disclosed, and Brennan partnered with the investment management firm PCCP on this deal.
“This acquisition represents a truly unique opportunity to secure one of the largest, most functional and well-located heavy industrial campuses in Houston,” said Troy MacMane, co-founder and managing principal at Brennan. “The combination of scale, specialized infrastructure, and access to Houston’s growing labor base positions this portfolio as a premier long-term investment.”
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