McLane Global Leases Industrial Space In Houston To FCA For 284170 Sq Ft
LEASED
Texas
See Similar DealsIndustrial284,170 SF
Leased
LEASED
McLane Global Leases Industrial Space In Houston To FCA For 284170 Sq Ft
1902 Cypress Station Dr, Houston, TX...
See Similar DealsIndustrial284,170 SF
Leased
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:284170 SF
Transaction Type:Lease
The property asset involved is located at 1902 Cypress Station Dr, Houston, TX, with a total square footage of 284,170. This industrial asset is part of the Interstate Commerce Center (ICC), a master-planned office and logistics park in Houston. ICC features two buildings completed in 2015 and contains a total of 414,016 square feet, of which 85 percent is currently leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1902 Cypress Station Dr, Houston, TX
- Tenant: McLane Global
- Landlord: FCA
- Tenant's Representative: Patrick Rollins-CBRE
- Landlord's Representative: Matteson Hamilton-Stream Realty Partners
- Square Feet Occupied: 284,170
The lease renewal and expansion involves McLane Global fully occupying Building 2 of the Interstate Commerce Center. The project was developed by a joint venture between Copeland Commercial and Hillwood Investment Properties, marking Hillwood’s first development in Houston.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$16,288,452.92
Total Lease Value
$162,884,529.20
Net Landlord Cash Flow$16,288,452.92
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