Texas Region Portfolio Grows to 29 Buildings
Brennan Investment Group, LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase of a 129,061 square foot facility located at 8220 Ambassador Row in Dallas, TX. The building is 100% leased to Delivery Limited, the world’s foremost specialist in relocation, delivery and storage services. The property serves as the corporate headquarters of Delivery Limited and houses all of its storage, logistics and administrative functions. The building’s location has convenient expressway access to the major areas in the Dallas metro region including Love Field Airport, the Dallas Design District and Dallas’ central business district.
Kyle Harris, Acquisition and Development Analyst at Brennan Investment Group stated, “The overall Dallas/Ft. Worth industrial market contains over 728 million square feet of inventory and continues to demonstrate strength, as evidenced by strong absorption numbers and a declining vacancy rate of 6.7%, down 60 basis points from the first quarter of 2015.”
“We acquired a mission critical facility of Delivery Limited, an established tenant with a long-term commitment to the area,” said Troy MacMane, Co-Founder and Managing Principal of Brennan Investment Group. “This acquisition is consistent with our investment objective of producing stable, long-term cash flow for our investors.”
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