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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 97,285
- Address: 3623 West Grand Parkway North
- Market: Katy, TX
- Landlord: EastGroup Properties
- Tenant: Cooler Master Corp
- Brokers: Richard Quarles, Jarret Venghaus, Geoff Perrott & Eliza Klein - JLL
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
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