The property asset involved in this transaction is an industrial facility located at 16801 South Cotton Lake Road in the Baytown market. It encompasses a total square footage of 255,960 and is being leased at an asking rent of $7 per square foot. The lease has a term of 60 years and is structured as a single net lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7/ft
• Address: 16801 South Cotton Lake Road
• Market: Baytown
• Lease Term: 60 years
• Lease Type: Single Net Lease
• Landlord: Christen Vestal - Provident Realty
• Landlord's Rep: Justin Tunnel, Richard Glass & Trey Erwin III - Lee & Associates
• Tenant's Rep: Max Ellis, Ryan Byrd & Darren Ross - Colliers

The transaction involved several key individuals and companies. Christen Vestal served as the landlord representing Provident Realty, while the landlord's interests were represented by Justin Tunnel, Richard Glass, and Trey Erwin III from Lee & Associates. The tenant was represented by Max Ellis, Ryan Byrd, and Darren Ross from Colliers, highlighting the collaborative nature of this lease agreement.