Brennan Investment Group And PCCP Acquire 1.3M SF Industrial Portfolio In Northwest Houston For $90M

A 1.3 million square foot, 16-building industrial portfolio located in Northwest Houston was sold for $90 million. The asset is situated at 6401 N. Eldridge Parkway, and Innovex International will lease back the property for $650,000 per month through the end of the year while it completes its consolidation plans.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90 million
• Square Footage: 1,300,000 SF
• Address: 6401 N. Eldridge Parkway
• Market: Northwest Houston
• Buyer: Michael Brennan - Brennan Investment Group
• Seller: Adam Anderson - Innovex International
• Lease Back Amount: $650,000 per month

The transaction involved Michael Brennan representing Brennan Investment Group, and Adam Anderson representing Innovex International. PCCP was also involved as part of the acquisition by Brennan Investment Group.