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Oxford Partners Secures Groninger Cleaning Systems' Industrial Lease Renewal And Expansion On Barker Springs Road In Houston

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LEASED

Texas

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Industrial28,456 SF
Leased 10/20/2023
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LEASED

Oxford Partners Secures Groninger Cleaning Systems' Industrial Lease Renewal And Expansion On Barker Springs Road In Houston

16802 Barker Springs Road & 16810 Barker Springs Road

See Similar Deals
Industrial28,456 SF
Leased 10/20/2023
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:28,456 SF
Transaction Type:Lease

The industrial property located at 16802-16810 Barker Springs Road in West Houston has recently undergone a lease renewal and expansion. The property spans a total of 14,228 square feet and is owned by BPREP Park 10 LLC.

Summary of transaction details

In this transaction, Groninger Cleaning Systems, a tenant company, has engaged in a lease renewal and expansion of the industrial space. The deal was brokered by Ryley Caton from Oxford Partners, who represented the tenant, and Carter Holmes from Cushman & Wakefield, who served as the landlord's representative. This lease renewal and expansion was successfully facilitated by Oxford Partners, a local brokerage firm, providing their expertise in negotiating the terms of the lease agreement.

Please note that Oxford Partners played a crucial role in brokering this 14,228-square-foot industrial lease renewal and expansion at 16802-16810 Barker Springs Road in West Houston, with Cushman & Wakefield representing the landlord and Groninger Cleaning Systems as the tenant.

Players

Carter Holmes
3 deals(713) 602-3751
BROKER

Details

LEASED
IMAGE: Carter Holmes & Ryley Caton DATE: 10/20/2023 ADDRESS: 16802-16810 Barker Springs Road MARKET: Houston ASSET TYPE: Industrial ~ SF: 14,228 LANDLORD: BPREP Park 10 LLC TENANT: Groninger Cleaning Systems LANDLORD'S REP: Carter Holmes - Cushman & Wakefield (@CushWake) TENANT'S REP: Ryley Caton (@RyleyCaton) - Oxford Partners (@OxfordPartnershtx) NOTE: Oxford Partners, a local brokerage firm, brokered a 14,228-square-foot industrial lease renewal and expansion at 16802-16810 Barker Springs Road in West Houston, with Groninger Cleaning Systems as the tenant and Cushman & Wakefield representing the landlord.

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Deal Type
Effective Rent (Annual)

$1,631,080.75

Total Lease Value

$16,310,807.48

Net Landlord Cash Flow$1,631,080.75