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Walmart Leases 1 Million SF Industrial Space In Baytown

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LEASED
Jamie Roussel
Jason Dillee
+ 2

Texas

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Industrial1,000,000 SF
Leased 03/11/2022
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Property Image
LEASED

Walmart Leases 1 Million SF Industrial Space In Baytown

1405 Borusan Road, Baytown, TX 77523

See Similar Deals
Industrial1,000,000 SF
Leased 03/11/2022
Jamie Roussel
Jason Dillee
+ 2
Contact now

Summary

TEXAS
Asset Type:Industrial
Total Square Footage:1,000,000 SF
Transaction Type:Lease

The industrial property located at 1405 Borusan Road in Baytown has been leased by Walmart. The property has a total square footage of 1,000,000. The lease was facilitated by CBRE, with Jason Dillee, Nathan Wynne, Jamie Roussel, and Joseph Smith representing the parties involved.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: 03/11/2022
  • Address: 1405 Borusan Road
  • Market: Baytown
  • Square Footage: 1,000,000
  • Landlord: Hunt Southwest
  • Tenant: Walmart
  • Landlord's Representative: Jason Dillee & Nathan Wynne - CBRE
  • Tenant's Representative: Joseph Smith, Bill Frain & Jamie Roussel - CBRE

The lease agreement was facilitated by CBRE. Jason Dillee and Nathan Wynne represented the landlord, while Joseph Smith, Bill Frain, and Jamie Roussel represented Walmart. This agreement represents a significant transaction in the Baytown market, further solidifying Walmart's presence in the area.

Players

Joseph Smith
11 deals$46M volume(917) 806-0310
BROKER

Nathan Wynne
CBRE
21 deals$170.5K volume(713) 577-1724
BROKER

Jason Dillee
CBRE
9 deals
BROKER

Jamie Roussel
CBRE
1 deal
BROKER

William "Bill" Frain
CBRE
1 deal
BROKER

LANDLORD

TENANT

Details

LEASED
IMAGE: Jason Dillee, Nathan Wynne, Jamie Roussel & Joseph Smith DATE: 03/11/2022 ADDRESS: 1405 Borusan Road MARKET: Baytown ASSET TYPE: Industrial ~ SF: 1,000,000 LANDLORD: Hunt Southwest TENANT: Walmart LANDLORD'S REP: Jason Dillee & Nathan Wynne - CBRE TENANT'S REP: Joseph Smith, Bill Frain & Jamie Roussel - CBRE

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Deal Type
Effective Rent (Annual)

$57,319,396.56

Total Lease Value

$573,193,965.57

Net Landlord Cash Flow$57,319,396.56