Brennan To Build 216 KSF Industrial Project in Houston – What is a Ground Lease?

, Brennan To Build 216 KSF Industrial Project in Houston – What is a Ground Lease?, Robert Khodadadian

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Brennan Investment Group has purchased a 12-acre lot for the development of a Class A industrial building in Pearland, Texas. The company is planning to build a 216,004-square-foot facility, designed for both single- and multi-tenant occupancy.

The site is located at the intersection of N. Spectrum Boulevard and Kirby Drive, across from Texas Beltway 8 and State Highway 288, with central Houston less than 14 miles north of the property. The front-load building will feature 36-foot clear heights, a 175-foot truck court, ESFR sprinklers and trailer parking spots.

The company acquired more than $4 billion in industrial assets since 2010, when it entered the Houston market. Brennan’s portfolio is spread across 27 states and comprises roughly 52 million square feet of space.

According to recent CommercialEdge data, Houston’s industrial market has a robust development pipeline, with 25 million square feet of space under construction as of October, representing 4.5 percent of existing stock. Additionally, if all planned projects will materialize, the market is set to see a 7.6 percent increase of industrial space.

In October, another developer moved forward with its industrial project in Houston: Lovett kicked off Nexus North Logistics Park, a 567,140-square-foot facility, expected to be completed in 2023.

The post Brennan To Build 216 KSF Industrial Project in Houston appeared first on Commercial Property Executive.

 Development, Houston, Industrial, News, South, Brennan Investment Group 

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