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Festival Trading Co. Signs 10-Year Lease At Post Oak Logistics Park, Houston

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LEASED

Texas

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Industrial168,893 SF
Leased 04/26/2024
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LEASED

Festival Trading Co. Signs 10-Year Lease At Post Oak Logistics Park, Houston

12631 Main Street

See Similar Deals
Industrial168,893 SF
Leased 04/26/2024

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:168,893 SF
Transaction Type:Lease

The industrial property located at 12631 Main Street in Houston, spanning 168,893 square feet, was leased by Festival Trading Co. from landlord Michele Wheeler, represented by Jackson-Shaw. The property, part of the Post Oak Logistics Park, boasts modern amenities such as high clear heights, dock doors, and easy access to major transportation routes.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 12631 Main Street
  • Market: Houston
  • Landlord: Michele Wheeler - Jackson-Shaw
  • Tenant: Festival Trading Co.
  • Lease Term: 10-year

As part of the lease agreement, Festival Trading Co. committed to a 10-year lease for Building A within the industrial project at the Post Oak Logistics Park. The proximity to highways and airports enhances the property's desirability among tenants in the logistics sector, providing convenience and efficient access to transportation routes.

Details

LEASED
IMAGE: Michele Wheeler DATE: 04/26/2024 ADDRESS: 12631 Main Street MARKET: Houston ASSET TYPE: Industrial ~ SF: 168,893 LANDLORD: Michele Wheeler - Jackson-Shaw TENANT: Festival Trading Co. LEASE TERM: 10-year NOTE: Jackson-Shaw has secured a full-building lease at its Post Oak Logistics Park in Houston, with Festival Trading Co. committing to a 10-year lease for the 168,893-square-foot Building A. This two-building industrial project will feature modern facilities with high clear heights, dock doors, and convenient access to major transportation routes including highways and airports, enhancing its appeal to tenants in the logistics sector.

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Effective Rent (Annual)

$9,680,844.84

Total Lease Value

$96,808,448.43

Net Landlord Cash Flow$9,680,844.84