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598 Greenhill Drive

Adam Green And Will Sallis Of Lee & Associates Represent EastGroup Properties In 44,648 SF Lease
LEASEDIndustrial

Adam Green And Will Sallis Of Lee & Associates Represent EastGroup Properties In 44,648 SF Lease

598 Greenhill Drive

Building Size

44,648 SF

Asset Type

Industrial

Closing

Jun 30, 2025

AI

The lease involves an industrial asset located at 598 Greenhill Drive in Round Rock, TX, covering a total square footage of 44,648. The property is part of the Greenhill Distribution Center and is associated with the market for industrial spaces.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 598 Greenhill Drive
  • Market: Round Rock
  • Landlord: Marshall A. Loeb - EastGroup Properties
  • Brokers: Adam Green & Will Sallis - Lee & Associates

Adam Green and Will Sallis from Lee & Associates represented the landlord, EastGroup Properties, in this leasing transaction. The tenant involved in the lease has not been disclosed.

Players

Adam Green

Lee & Associates

Broker

2 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Marshall A. Loeb

Marshall A. Loeb

EastGroup Properties

Landlord

$239.2M

vol

6 deals

Landlord
EastGroup Properties
EastGroup PropertiesLandlord

Round Rock 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