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Brennan Investment Group To Convert Facility Into Round Rock, Texas Food Processing Site

02/29/2016
Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial properties on a national basis, purchased a 200,411 square foot vacant industrial facility in Round Rock, Texas. The facility was previously occupied by Sysco Foods.

The facility on the north side of Austin, will be redeveloped into a food processing facility. According to the firm, the project involves converting the building into food preparation space as well as other upgrades. The property is currently a Class B cold storage and distribution center, but will be converted into a Class A food process facility upon completion.

Troy MacMane, Co-Founder and Managing Principal of Brennan Investment Group, said, "We are pleased to complete the acquisition, and enthusiastic about its future conversion into a state-of-the-art food grade facility."

"The Austin market has demonstrated strong fundamentals, evidenced by nearly 1.2 million square feet of positive net absorption year-to-date. This acquisition increases Brennan's Texas region portfolio to 28 buildings, with an overall occupancy of 94.5%," said Kyle Harris, Acquisition and Development Analyst at Brennan Investment Group.

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