Conn’s HomePlus Leases 656,658 SF At Central Green Distribution Center, Houston
LEASED
Texas
See Similar DealsCommercial656,658 SF
LEASED
Conn’s HomePlus Leases 656,658 SF At Central Green Distribution Center, Houston
1401 Rankin Rd, Houston, TX, 77073
See Similar DealsCommercial656,658 SF
Summary
TEXAS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:656,658 SF
Transaction Type:Lease
The Central Green Distribution Center in north Houston, located at 1401 Rankin Rd, Houston, TX, 77073, has been leased by home furnishings and appliances retailer Conn’s HomePlus. The property, spanning 656,658 square feet, is owned by Liberty Property Trust. The center features 36-foot clear heights, 133 dock doors, and a building depth of 500 feet.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Tenant's Rep: Rob Stillwell (Newmark)
- Landlord: Liberty Property Trust
- Square Feet: 656,658
Rob Stillwell and Chris Malherbe of NKF Capital Markets represented Conn’s HomePlus in the lease negotiations. Conn’s, headquartered in The Woodlands, a master-planned community north of Houston, will be the sole occupant of the Central Green Distribution Center.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$37,639,240.30
Total Lease Value
$376,392,403.05
Net Landlord Cash Flow$37,639,240.30
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