{"id":1004773151,"date":"2025-09-30T04:28:06","date_gmt":"2025-09-30T12:28:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004773151"},"modified":"2025-09-30T04:28:08","modified_gmt":"2025-09-30T12:28:08","slug":"brennan-jv-buys-1-3-msf-houston-manufacturing-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/","title":{"rendered":"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus"},"content":{"rendered":"
\n
\"Aerial<\/a>
The campus features buildings ranging in size from 11,000 to 450,000 square feet. Image courtesy of Brennan Investment Group <\/em><\/figcaption><\/figure><\/div>\n\n\n

Brennan Investment Group has purchased a 1.3 million-square-foot, 16-building industrial property in Northwest Houston. The acquisition was a joint venture with PCCP, marking the first deal between the two companies.<\/p>\n\n\n\n

The seller was Innovex, a manufacturer of subsea oil and gas equipment. The company had previously occupied the entire property and is currently vacating it, a Brennan spokesperson told Commercial Property Executive<\/em>. The transaction\u2019s dollar value was not disclosed.<\/p>\n\n\n\n

The acquisition was arranged through KBC Advisors and CBRE.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO:<\/strong> Industrial Sales and Prices Rose Steadily in H1 2025<\/a><\/p>\n\n\n\n

\n\n\n\n

Completed between 1999 and 2018, the 126-acre campus is located within a master-planned business park and has buildings ranging in size from 11,000 to 450,000 square feet. The facilities were designed for manufacturing operations, offering HVAC-equipped warehouses, bridge cranes, heavy power, IOS yards, above-standard clear heights, and wide column spacing to accommodate diverse industrial requirements.<\/p>\n\n\n\n

The site\u2019s location provides connectivity to the greater Houston region. The campus is surrounded by a dense industrial area, with more than 780 manufacturing businesses within a five-mile radius and an ample labor pool alongside a limited supply of heavy industrial space.<\/p>\n\n\n\n

Given the property\u2019s size and complexity, it\u2019s likely that the campus will eventually be re-occupied by  multiple manufacturing tenants, the spokesperson said.<\/p>\n\n\n\n

Brennan’s portfolio currently spans 29 states and encompasses approximately 57 million square feet. Since 2010, the company has developed and acquired industrial assets valued at a total of $6.5 billion.<\/p>\n\n\n\n

Earlier this month, Brennan, in joint venture with Farallon, sold a 198,408-square-foot industrial asset in Jacksonville, Fla. Nuveen purchased the warehouse<\/a> for $21.1 million.<\/p>\n\n\n\n

Demand for manufacturing space<\/h2>\n\n\n\n

Recently, BCS broke ground on Grove Business Park<\/a>, a 46-acre, 438,960-square-foot speculative industrial campus in the Houston suburb of Baytown, Texas. The park\u2019s nine buildings will be marketed mostly for logistics users, but two will be 20-ton crane\u2013ready manufacturing facilities.<\/p>\n\n\n\n

Leasing activity for manufacturing space in metro Houston declined slightly in the second quarter, recording negative absorption, according to a Partners Real Estate report<\/a>. On the investment side, however, there are expectations that demand for manufacturing space will grow. In fact, the average monthly rental rate for manufacturing space jumped from $0.73 to $0.92 per square foot over the quarter.<\/p>\n\n\n\n

Metrowide, manufacturing space had a tight 2.7 percent total vacancy and 5.6 percent total availability, on an inventory of 98.3 million square feet. Second-quarter deliveries and space under construction were modest, totaling less than 600,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction marks the first joint venture between the company and PCCP.<\/p>\n","protected":false},"author":882,"featured_media":1004773154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21748,21783,21742,51973],"tags":[33335,32789,42548,33053],"class_list":["post-1004773151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-industrial","category-investment","category-latest","category-southwest","tag-brennan-investment-group","tag-cbre","tag-kbc-advisors","tag-pccp-llc"],"acf":[],"yoast_head":"\nBrennan JV Buys 1.3 MSF Houston Manufacturing Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus\" \/>\n<meta property=\"og:description\" content=\"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-30T12:28:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-30T12:28:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1411\" \/>\n\t<meta property=\"og:image:height\" content=\"1058\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/\",\"name\":\"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg\",\"datePublished\":\"2025-09-30T12:28:06+00:00\",\"dateModified\":\"2025-09-30T12:28:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg\",\"width\":1411,\"height\":1058,\"caption\":\"The campus features buildings ranging in size from 11,000 to 450,000 square feet. Image courtesy of Brennan Investment Group\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus - Commercial Property Executive","description":"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/","og_locale":"en_US","og_type":"article","og_title":"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus","og_description":"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.","og_url":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-09-30T12:28:06+00:00","article_modified_time":"2025-09-30T12:28:08+00:00","og_image":[{"width":1411,"height":1058,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/","name":"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg","datePublished":"2025-09-30T12:28:06+00:00","dateModified":"2025-09-30T12:28:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Brennan Investment Group, together with PCCP, acquired a 16-building, 126-acre manufacturing campus in Northern Houston.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg","width":1411,"height":1058,"caption":"The campus features buildings ranging in size from 11,000 to 450,000 square feet. Image courtesy of Brennan Investment Group"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brennan-jv-buys-1-3-msf-houston-manufacturing-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brennan JV Buys 1.3 MSF Houston Manufacturing Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Brennan_Investment_Group___Houston-edited.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004773151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004773151"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004773151\/revisions"}],"predecessor-version":[{"id":1004773176,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004773151\/revisions\/1004773176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004773154"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004773151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004773151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004773151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}