The property asset involved in the transaction is an industrial site located at 15135 Jacinto Port Boulevard in Houston. This site encompasses 45,700 square feet of office and warehouse space on a 6-acre lot. It features a 12-inch concrete laydown yard and warehouses with a clear height of 40 feet, suitable for logistics and industrial storage operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 15135 Jacinto Port Boulevard
• Market: Houston
• Tenant: Peace Global Logistics LLC
• Landlord's Representative: Judy Beebe & Christopher Klein - Colliers
• Tenant's Representative: Andrew McGuire & Mason Alsbrooks - Lee & Associates

This lease arrangement was facilitated by Colliers, allowing Peace Global Logistics LLC to utilize the property for its third-party logistics (3PL) and industrial outdoor storage operations. The involvement of key representatives from both the landlord and tenant sides illustrates the collaborative effort in executing the lease agreement.