Experienced Developer and Investor Since 1998
Chad Brossett has been active in acquisition, development, management and disposition of commercial real estate and special projects since 1998. Mr. Brossett has a unique background related to industrial and multifamily projects. Recently, Brossett developed, operated, and managed Moss Lake Village, the largest private temporary workforce housing facility ever to be built in the continental United States totaling 1,900 beds, two 500 seat kitchen cafeterias, two recreation centers, transportation operations and hundreds of support staff in support of the $15 billion construction phase of Cameron LNG Liquefaction. This project required navigating a complicated planning and zoning process and attaining more than 18 permits from multiple local, state, and federal agencies.
Other recent development projects include The Preserve at Tech a purpose- built multifamily student housing development in Ruston, LA. Construction began in February 2020 one month before the shutdown caused by the COVID 19 pandemic. Despite these difficult challenges, the 168 unit / 588 beds complex was delivered on time and on budget in June 2021.
In the last 24 months Brossett partnership entities have acquired three industrial investment properties with long term leases from credit tenants and a Class A multi-family complex (Creekside Crossing).
In June 2022, Brossett company purchased 96 acres of zoned and untitled industrial property (Rivermark 185 Park) for the development of logistics, distribution, light manufacturing and warehouse buildings that will total more than 1.5 million square feet when fully developed. In February 2023, the subject property totaling 200,000 SF of leasable area commenced construction. Brossett is working on plans to begin a Phase II warehouse as well as a Phase III regional distribution build-to-suit for a Fortune 50 company.
Recent Acquisitions, Projects and Developments
MOSS LAKE VILLAGE
Industrial Workforce Housing
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Purpose: Housing for the multi-year-long workforce support needed during the $15 billion construction phase of Cameron LNG Liquefaction
Specs:
1,900 Beds
Two - 500 Seat Cafeterias
Two Recreation Facilities
Transportation Center with 100+ buses for daily workforce transportation
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Owner and Managing Partner
Dates: 2015 - 2020
Responsible for Development, Construction and Management
$170,000,000 Contract Value
8 Local, State, and Federal Permits Required
Clients: SEMPA, Mitsubishi Corporation, CB&I/McDermott
Largest facility of its kind in the lower 48 states
MRC Global Inc
Port Allen, Louisiana
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Purpose: MRC Global Inc Sale Leaseback Acquisition
Specs:
80,000 Square Feet Facility
8-acre Industrial Distribution Facility
Location: 1100 Leblanc Road in Port Allen, LA
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Owner and Managing Partner
$7,800,000 Acquisition price
Purchased as part of a multi-property sale lease-back
10-Day Purchase to Closing
NYSE tenant
THE PRESERVE AT TECH
Multi-Family Student Residences
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Purpose: Multi-family Student Housing
Specs:
168 units and 588 beds
Location: Ruston, Louisiana at Louisiana Tech University
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Owner and Managing Partner
Brossett was responsible for land acquisition, entitlement and development
Delivered June 2021 + Managed challenging construction phase through the COVID pandemic, yet delivered project on-time and on budget
MRC Global Inc
Shreveport, Louisiana
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Purpose: Industrial Distribution Facility
Specs:
Location: 9104 Linwood Ave, Shreveport, LA
20,000 Square Feet
5 Acres
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Owner and Managing Partner
$2,000,000 Acquisition price
Acquired in May 2021
NYSE tenant
CREEKSIDE CROSSING
Multi-Family Luxury Apartments
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Purpose: Multi-family Apartment Housing
Specs:
168-unit Class A apartment complex
HUD loan assumption
Location: Baton Rouge, Louisiana
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Owner, Managing Partner
Acquired in February 2022 for $23,000,000
APACHE INDUSTRIAL SERVICES
Geismar, Louisiana
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Purpose: Industrial Facility
Specs:
Location: Hwy 30 in Geismar, Louisiana
40,000 Square Feet
6 Acres
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Owner and Managing Partner
$5,700,000 acquisition price
Acquired in 2018