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Johnson Controls Leases 43,000 SF At The Business Center At Five Corners In Houston

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LEASED
Nathan Wynne
Joseph (Joe) Smith
+ 2

Texas

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Industrial43,000 SF
Leased 10/18/2023
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Property Image
LEASED

Johnson Controls Leases 43,000 SF At The Business Center At Five Corners In Houston

4610 South Sam Houston Parkway West

See Similar Deals
Industrial43,000 SF
Leased 10/18/2023
Nathan Wynne
Joseph (Joe) Smith
+ 2
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:43,000 SF
Transaction Type:Lease

The Business Center at Five Corners, located at 4610 South Sam Houston Parkway West in southwest Houston, has secured a new lease deal. The industrial property, spanning 43,000 square feet, was fully leased to Johnson Controls. The development, consisting of five buildings, is owned by Levey Group, led by David Ebro.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 43,000
  • Address: 4610 South Sam Houston Parkway West
  • Market: Houston

CBRE played an instrumental role in facilitating the lease negotiations between Johnson Controls, represented by George R. Oliver, and Levey Group. The negotiation process also involved the efforts of CBRE brokers Boomer White, Joseph Smith, Nathan Wynne, and Savannah Smith. This lease agreement further solidifies the occupancy of The Business Center at Five Corners under the ownership of Levey Group.

Players

Nathan Wynne
21 deals$170.5K volume(713) 577-1724
BROKER

Boomer White
RevKo Commercial Real Estate
7 deals$5.6M volume(713) 577-1676
BROKER

Joseph (Joe) Smith
CBRE
11 deals$30.9M volume(619) 696-8325
BROKER


Details

LEASED
IMAGE: David Ebro, George R. Oliver, Boomer White, Joseph Smith, Nathan Wynne & Savannah Smith DATE: 10/18/2023 ADDRESS: 4610 South Sam Houston Parkway West MARKET: Houston ASSET TYPE: Industrial ~ SF: 43,000 LANDLORD: Levey Group - David Ebro TENANT: Johnson Controls (@JohnsonControls) - George R. Oliver BROKERS: Boomer White, Joseph Smith, Nathan Wynne & Savannah Smith (@SavannahSmiithh) - CBRE NOTE: Johnson Controls has leased 43,000 square feet at The Business Center at Five Corners in southwest Houston. The fully leased development is a five-building project by Levey Group, and the lease negotiations were facilitated by CBRE.

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Deal Type
Effective Rent (Annual)

$2,464,734.05

Total Lease Value

$24,647,340.52

Net Landlord Cash Flow$2,464,734.05