Nearshoring drives demand for distribution
facilities along the US-Mexico border
LAREDO,
Texas, March 28, 2024 /PRNewswire/ -- Brennan
Investment Group ("Brennan"), a leading private real estate
investment firm specializing in the acquisition, development, and
operation of industrial facilities across the United States, has commenced construction
on a state-of-the-art, class A, cross-dock building situated on
24.18 acres. The facility, totaling 393,796 square feet, will be
located at Pinnacle Business Park on FM 1472 (Mines Road), at the
intersection of Hwy 59 and I-35 in Laredo, Texas. Construction 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," stated Michael
Brennan, Chairman and Managing Principal of Brennan
Investment Group. "Of equal importance, Laredo has the number one port in North America. We are pleased with our
strategic decision to invest here."
"The development will feature important logistical amenities,
including 32 foot clear ceiling heights and ample trailer
parking. Our location within Laredo could not be better. We are between the
two primary commercial trading bridges in Laredo, the World Trade and Columbia bridges,"
remarked Hildeberto Moreno,
Brennan's Vice President for US Border Investments a position
created in May of 2022. Moreno has significant experience in
US-Mexico cross-border development
having held positions with IDI Gazeley and, earlier, with Prologis,
serving as development manager for industrial projects across the
US-Mexico border.
Brennan's new US Border division will make investments in the US
and across the entire US-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,
which includes its US Border division. "Of course, we always
have to be careful about how we make our bets and allocate capital,
but the tenant demand along the border will not slow down for years
to come."
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 over $6.5
billion in industrial real estate. The company's current
portfolio spans 27 states and encompasses 56.5 million square
feet.
Brennan Investment Group co-invests with private and
institutional capital to achieve outstanding risk-adjusted returns.
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
www.brennanllc.com
CONTACT: Ursula Walendzewicz,
uwalendzewicz@brennanllc.com, 8476308722
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SOURCE Brennan Investment Group, LLC