The asset involved in this transaction is a 496,421-square-foot industrial property located at 4407 East Grand Parkway South in Baytown. The property is part of TGS Cedar Port Industrial Park and features dual rail access with direct connectivity to Port Houston. Completed in 2023, it is characterized as a Class A facility, highlighting the ongoing demand in the Houston industrial market despite rising vacancy and new supply.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 4407 East Grand Parkway South
• Market: Baytown
• Landlord: James Scott - TGS Cedar Port Partners
• Tenant: Bill Newlands - Constellation Beverage

The deal features key individuals including James Scott, representing TGS Cedar Port Partners as the landlord, and Bill Newlands, who represents Constellation Beverage as the tenant. This transaction marks a significant industrial lease in Houston for the year, solidifying both parties' positions in the market.