Updated Sep 3, 2026
Logistics Property Company Leases 217,758 Square Feet To Standex GRID In Missouri City Texas
12600 City Park Drive
Building Size
217,758 SF
Asset Type
Industrial
Closing
Sep 1, 2026
About this deal
AI
Logistics Property Company leased 217,758 square feet of build-to-suit warehouse space at 12600 City Park Drive in Missouri City, TX. The asset type is classified as industrial, designed for warehouse and manufacturing operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12600 City Park Drive
- Market: Missouri City, TX
- Landlord: Logistics Property Company
- Tenant: Standex GRID / Amran Instrument Transformers
- Landlord's Representative: Beau Kaleel & Brooke Swerdlow - Cushman & Wakefield
- Tenant's Representative: Steve King & Wesley King - CBRE
- Expected Completion: Q2 2027
Cushman & Wakefield's Beau Kaleel and Brooke Swerdlow played a significant role in facilitating the deal for Logistics Property Company, while CBRE's Steve King and Wesley King represented the interests of Standex GRID / Amran Instrument Transformers in this transaction.
Players
Missouri City 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