Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:133,125 SF
Transaction Type:Lease
The property asset involved in this lease transaction is located at 1755 Federal Rd, Houston, TX, 77015. The leased space comprises 133,125 square feet within the Greens Port Industrial Park, a 735-acre multimodal development near Port Houston. This park features over 3 million square feet of warehouse space and includes four railyards.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1755 Federal Rd, Houston, TX, 77015
- Market: Houston
- Landlord: Watco
- Tenant: JD Fields & Co
- Landlord's Representatives: Chris Haro-NAI Capital, Gray Gilbert-NAI Capital, Jack Gilbert-NAI Capital
- Square Feet: 133,125
The deal involved several representatives. Steve Pastor of NAI James E. Hanson worked alongside Gray Gilbert, Chris Haro, and Jack Gilbert from NAI Partners, representing the landlord Watco during the lease negotiations. The representative of the tenant, JD Fields & Co., was not disclosed.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,630,644.67
Total Lease Value
$76,306,446.67
Net Landlord Cash Flow$7,630,644.67
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