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Fitness Equipment Manufacturer Johnson Health Tech Leases 343,760 SF In Katy Industrial Center

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LEASED
Jason Dillee
Nathan Wynne
+ 2

Texas

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Industrial343,760 SF
Leased 11/15/2023
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Property Image
LEASED

Fitness Equipment Manufacturer Johnson Health Tech Leases 343,760 SF In Katy Industrial Center

574 Pederson Road

See Similar Deals
Industrial343,760 SF
Leased 11/15/2023
Jason Dillee
Nathan Wynne
+ 2
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:343,760 SF
Transaction Type:Lease

Fitness equipment manufacturer Johnson Health Tech has leased 343,760 square feet in the Pederson Logistics Center in Katy, west of Houston. The new distribution facility, located at 574 Pederson Road, will serve as the company's distribution hub in the area. This lease transaction is expected to bring new job opportunities to the region.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 574 Pederson Road
  • Market: Katy
  • Square Footage: 343,760 SF

Johnson Health Tech was represented by Boomer White & Jacob Westfall from CBRE as their tenant's representatives. The landlord, Triten Real Estate Partners, was represented by Jason Dillee & Nathan Wynne, also from CBRE. This partnership between the tenant and landlord, along with the involvement of these brokerage firms, facilitated the successful leasing of the new distribution facility.

Note: The leasing of this 343,760 square feet distribution facility by Johnson Health Tech is expected to have a positive impact on the local economy, creating job opportunities in the area. CBRE played a significant role in representing both the tenant, Johnson Health Tech, and the landlord, Triten Real Estate Partners, in this transaction.

Players

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

Jason Dillee
CBRE
9 deals
BROKER

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


Details

LEASED
IMAGE: Will Hedges, Peter Lo, Jason Dillee, Nathan Wynne, Boomer White & Jacob Westfall DATE: 11/15/2023 ADDRESS: 574 Pederson Road MARKET: Katy ASSET TYPE: Industrial ~ SF: 343,760 LANDLORD: Triten Real Estate Partners (@Tritenre) - Will Hedges TENANT: Johnson Health Tech (@JHTnacareers) - Peter Lo LANDLORD'S REP: Jason Dillee & Nathan Wynne - CBRE TENANT'S REP: Boomer White & Jacob Westfall - CBRE (@CBRE) NOTE: Fitness equipment manufacturer Johnson Health Tech has leased 343,760 square feet in the Pederson Logistics Center in Katy, west of Houston. The new distribution facility, located at 574 Pederson Road, is expected to bring new jobs to the area, with CBRE representing Johnson Health Tech and Triten Real Estate Partners as the landlord.

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Deal Type
Effective Rent (Annual)

$19,704,115.76

Total Lease Value

$197,041,157.61

Net Landlord Cash Flow$19,704,115.76