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Brennan Breaks Ground on 394K-SF Industrial Project in TX
Brennan Investment Group, a Chicago-based private real estate investment firm, has started construction on a state-of-the-art, class A, cross-dock building situated on 24.18 acres in Laredo, Texas. The facility, totaling 393,796 square feet, will be located at Pinnacle Business Park, and the project is expected to be completed by December 2024.
“Mexico overtook China in late 2023 to become the number one exporter to the United States with the value goods approaching $500 billion,” said Michael Brennan, Chairman and Managing Principal of Brennan. “Of equal importance, Laredo has the number one port in North America.”
The development will feature logistical amenities, including 32-foot clear ceiling heights and ample trailer parking. Brennan’s new U.S. Border division will make investments across the entire U.S.-Mexico border, stretching nearly 1,600 miles from San Diego, California to Brownsville, Texas.
“The nearshoring phenomenon, driven by geopolitics, labor cost differences, and robotics, will be a significant part of our business for years to come,” explained Troy MacMane, Managing Principal for Brennan’s Texas Region.
