Smurfit Westrock Signs 78,683 Square Foot Lease At Patriot Business Park In Houston
10330 Veterans Memorial Drive
Building Size
78,683 SF
Asset Type
Industrial
Closing
Apr 21, 2026
AI
An industrial asset totaling 78,683 square feet is located at 10330 Veterans Memorial Drive in the Houston market. The property is part of Patriot Business Park, a newly delivered three-building industrial campus developed by Standard Real Estate Investments and Investment & Development Ventures.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10330 Veterans Memorial Drive
- Market: Houston
- Landlord: Robert Jue - Standard Real Estate Investments; Investment & Development Ventures
- Tenant: Tony Smurfit - Smurfit Westrock
- Landlord's Representative: Tyler Maner, Natalie Gilbert & Jeremy Lumbreras - Stream Realty Partners
- Tenant's Representative: Hayden Dominique & Paul Dominique - Colliers
The transaction marks the first lease at the 462,591-square-foot project, indicating a strong demand for modern logistics space in the North Houston industrial corridor.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93