Mark Collins(Cushman & Wakefield) Completes 238,000 SF Industrial Lease In The Colony
LEASED
Texas
See Similar DealsIndustrial238,000 SF
Leased 11/14/2019
LEASED
Mark Collins(Cushman & Wakefield) Completes 238,000 SF Industrial Lease In The Colony
2525 E State Hwy 121, Lewisville, TX...
See Similar DealsIndustrial238,000 SF
Leased 11/14/2019
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:238,000 SF
Transaction Type:Lease
The asset involved in this transaction is an industrial property located at 2525 E State Hwy 121, Lewisville, TX, encompassing a total area of 238,000 square feet. This regional distribution center is situated in the Colony market. The leasing of this property reflects Benjamin Moore's desire to expand its operations within the metro Dallas-Fort Worth area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2525 E State Hwy 121, Lewisville, TX
- Square Feet: 238,000
- Market: The Colony
- Tenant's Representative: Mark Collins-Cushman & Wakefield
- Landlord: Unknown
The transaction marks a notable expansion for Benjamin Moore as it relocates from a smaller 70,000-square-foot facility in Mesquite, approximately 40 minutes away. The Mesquite site will continue to operate as a manufacturing facility while the new location will enhance distribution efforts in the region.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$13,642,016.38
Total Lease Value
$136,420,163.81
Net Landlord Cash Flow$13,642,016.38
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