Brennan Investment Group Acquires 1.3 Million Square Foot Industrial Campus in Northwest Houston

- Strategic acquisition of Innovex's manufacturing campus is among the largest transactions in Houston this year

- Brennan and PCCP will partner in their first JV

HOUSTON, Sept. 29, 2025 /PRNewswire/ -- Brennan Investment Group ("Brennan") has acquired a 1,298,956 square-foot industrial portfolio, consisting of 16 buildings in Northwest Houston currently owned by Innovex, a global leader in subsea oil and gas equipment manufacturing. Located within a master planned business park, the campus' 16 buildings have unit sizes ranging from 11,000 to 450,000 square feet, across 126 contiguous acres.

Constructed between 1999 and 2018, the buildings 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.

The site offers exceptional connectivity across the greater Houston region. Surrounded by a robust and growing population and a dense industrial ecosystem—more than 780 manufacturing businesses are within a five-mile radius—the location provides immediate access to a growing labor pool and a constrained supply of heavy industrial space.

This transaction is representative of Brennan's strategic focus on acquiring functional industrial assets in key U.S. markets, primarily from corporate owner-users, and enhancing them through targeted capital improvements to attract a diversified tenant base and generate long-term value creation.

"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."

Kevin Brennan, Chief Investment Officer at Brennan, added, "Facilities of this caliber and scale rarely come to market, and their scarcity is enhanced by the limited new construction in this sector. Our team recognized the strategic importance of this site immediately—its size, functionality, and location align perfectly with the long-term growth trends we see in the Houston industrial market."

"This transaction underscores our continued commitment to acquiring best-in-class industrial assets in key logistics and manufacturing markets nationwide," said Michael Brennan, Chairman and Managing Principal at Brennan. "We are proud to partner with PCCP on one of the larger industrial real estate transactions in Houston this year."

"PCCP is excited to partner with Brennan Investment Group on this transaction. We believe this investment offers a unique opportunity to secure a large-scale industrial portfolio in one of Houston's most competitive submarkets. Given its connectivity, heavy power, expansive yard space, and proximity to a dense labor pool, we believe the campus' scale and functional design make it a solid industrial investment." said Brad Hartstein, Senior Vice President at PCCP

About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired or developed $6.5 billion in industrial real estate in 30 states. The company's current portfolio spans 29 states and encompasses approximately 57 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 18 regional offices throughout the United States, and the firm's management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.

For more information on Brennan Investment Group, go to brennanllc.com.

About PCCP
PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $27.9 billion in assets under management on behalf of institutional investors as of June 30, 2025. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 27-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $45.3 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital.

Learn more about PCCP at www.pccpllc.com.

CONTACT: Ursula Walendzewicz, uwalendzewicz@brennanllc.com, 8476308722

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SOURCE Brennan Investment Group