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TransPak Leases 44.6K Sqft Industrial Space In Round Rock

Property Image
LEASED
Chip Wiser
Brian Cheek
+ 1

Texas

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Industrial44,648 SF
Leased 12/12/2023
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Property Image
LEASED

TransPak Leases 44.6K Sqft Industrial Space In Round Rock

598 Greenhill Drive

See Similar Deals
Industrial44,648 SF
Leased 12/12/2023
Chip Wiser
Brian Cheek
+ 1
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:44,648 SF
Transaction Type:Lease

The Green Hill Business Park in Round Rock has witnessed a recent transaction involving a 44,648-square-foot industrial property. The asset, located at 598 Greenhill Drive, was leased to TransPak Inc, a prominent provider of packaging and crating services.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 598 Greenhill Drive
  • Market: Round Rock

Representing the landlord, EastGroup Properties, Donald F. Colleran of Stream Realty Partners played a key role in bringing this lease agreement to fruition. Meanwhile, TransPak Inc was assisted by Brian Cheek, Chip Wiser, and Richard Hoyt of Newmark as their tenant representatives.

It is worth noting that Newmark facilitated the 44,648-square-foot industrial lease for TransPak Inc, securing a space at the Green Hill Business Park in Round Rock. Stream Realty Partners, acting on behalf of the landlord EastGroup Properties, provided their expertise in representing the property owner's interests.

Players

Richard Hoyt
1 deal(925) 460-9292
BROKER



Donald F. Colleran
EastGroup Properties
4 deals
LANDLORD

Details

LEASED
IMAGE: Donald F. Colleran, Bert Inch, Brian Cheek, Chip Wiser & Richard Hoyt DATE: 12/12/2023 ADDRESS: 598 Greenhill Drive MARKET: Round Rock ASSET TYPE: Industrial ~ 44,648 LANDLORD: EastGroup Properties - Donald F. Colleran (@D.Colleran__) TENANT: TransPak Inc - Bert Inch LANDLORD'S REP: Stream Realty Partners (@StreamRealtyPartners) TENANT'S REP: Brian Cheek, Chip Wiser & Richard Hoyt - Newmark (@Newmark) NOTE: Newmark secured a 44,648-square-foot industrial lease for packaging and crating services provider TransPak Inc. at Green Hill Business Park in Round Rock, with representation by Richard Hoyt, Chip Wiser, and Brian Cheek of Newmark, and landlord representation by Stream Realty Partners for EastGroup Properties.

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Deal Type
Effective Rent (Annual)

$2,559,196.42

Total Lease Value

$25,591,964.17

Net Landlord Cash Flow$2,559,196.42