The property asset involved in this transaction is the Interwood Distribution Center, located at 14710 John F Kennedy Boulevard, Houston. The center comprises two buildings with a total square footage of 341,692 square feet. Specifically, Building 1 offers 105,847 square feet as a rear-load facility, while Building 2, which has been leased by GCP Paper USA, provides 235,845 square feet as a cross-dock facility. The distribution center, situated about one mile south of George Bush Intercontinental Airport, was completed in December 2020.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 14710 John F Kennedy BLVD, Houston
• Market: Houston
• Tenant: GCP Paper USA
• Landlord: GID Real Estate Investments
• Tenant's Rep: Eric Hughes
• Landlord's Reps: Craig Bean-Transwestern, John Kruse-Cushman & Wakefield
• Square Feet: 235,845

The deal involved GCP Paper USA signing a full-building lease at Building 2 to establish its U.S. headquarters and first manufacturing and distribution center in the country. Tailift Material Handling USA has also leased space in Building 1, which has 68,345 square feet remaining available for lease. Brokers involved in the transaction included Craig Bean and John Kruse representing the landlord and Eric Hughes acting as the tenant representative for GCP Paper USA.