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3623 West Grand Parkway North

Cooler Master Corp Leases 97,285 Square Feet From EastGroup Properties In Katy Texas
LEASEDIndustrial

Cooler Master Corp Leases 97,285 Square Feet From EastGroup Properties In Katy Texas

3623 West Grand Parkway North

Building Size

97,285 SF

Asset Type

Industrial

Closing

Jul 21, 2026

AI

The property involved in this lease transaction is a 97,285-square-foot industrial asset located at 3623 West Grand Parkway North in Katy, TX. This asset was leased to Cooler Master Corp, encompassing the entire Building 2 at Grand West Crossing. The landlord of the property is EastGroup Properties.

Summary of transaction details:

JLL represented the landlord, EastGroup Properties, in the lease negotiations. Richard Quarles, Jarret Venghaus, Geoff Perrott, and Eliza Klein were the brokers involved in this transaction, while the tenant's representative was not disclosed.

Players

Jarret Venghaus

JLL

Broker

6 deals

Broker
EastGroup Properties
EastGroup PropertiesLandlord

Katy Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93