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Nico Daily Leases Industrial Space At Portside Logistics Center In Baytown For Tigerhawk

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LEASED

Texas

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Industrial650,000 SF
Leased 06/06/2024
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Property Image
LEASED

Nico Daily Leases Industrial Space At Portside Logistics Center In Baytown For Tigerhawk

4838 Borusan Rd & Borusan Rd

See Similar Deals
Industrial650,000 SF
Leased 06/06/2024

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:650,000 SF
Transaction Type:Lease

The industrial property at 4838 & 4908 Borusan Road in Baytown spans over 325,000 square feet. This strategic location provides easy access to major highways and container terminals, making it an ideal choice for operational efficiency. The lease was secured by Kamal Bhatia of Principal Asset Management and Stream Realty Partners on behalf of the landlord, while Nico Daily of Tigerhawk represented the tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 4838 & 4908 Borusan Road
  • Market: Baytown
  • Landlord: Kamal Bhatia - Principal Asset Management; Stream Realty Partners
  • Tenant: Nico Daily - Tigerhawk

Tigerhawk Logistics' decision to expand its footprint at the Portside Logistics Center aligns with the industrial growth observed in Port Houston. This move comes at a time when the overall industrial development in the area is on the rise, with the aim to enhance operational efficiencies and streamline logistics operations for Tigerhawk Logistics.

Details

LEASED
IMAGE: Kamal Bhatia & Nico Daily DATE: 06/06/2024 ADDRESS: 4838 & 4908 Borusan Road MARKET: Baytown ASSET TYPE: Industrial ~ SF: 325,000 LANDLORD: Kamal Bhatia - Principal Asset Management; Stream Realty Partners (@StreamRealtyPartners) TENANT: Nico Daily - Tigerhawk NOTE: Tigerhawk Logistics has expanded its presence at Portside Logistics Center in Port Houston, leasing over 325,000 square feet to enhance operational efficiency. The move aligns with Port Houston's industrial growth, with the development offering access to major highways and container terminals, amidst an overall uptick in industrial development in the area.

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Deal Type
Effective Rent (Annual)

$37,257,607.76

Total Lease Value

$372,576,077.62

Net Landlord Cash Flow$37,257,607.76