PepsiCo Signs Long-Term Lease For 1.05 Million Square Feet In Brookshire Texas

The asset involved in this transaction is an industrial property located at 31270 Kingsland Boulevard in Brookshire, Texas. It has a total square footage of 1,050,000. The market for this property is Brookshire, and it is part of the I-10 West Trade Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Long-term lease
• Landlord: Steven Caple - Hunt Southwest
• Tenant: Ramon Laguarta - PepsiCo
• Landlord's Rep: CBRE
• Tenant's Rep: Cresa
• Lease Term: Long-term

This transaction marks a significant deal in the Houston area, as PepsiCo has signed a long-term lease for the property, making it the largest industrial lease of the year. Cresa played a crucial role in representing PepsiCo, while CBRE was the representation for the landlord, Hunt Southwest, in this transaction.