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MS Warehousing Leases 212280 Square Feet At First Liberty Logistics Center In Houston

Property Image
LEASED
David Munson
Robert (Bob) Berry
+ 1

Texas

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Industrial212,280 SF
Leased 08/26/2024
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Property Image
LEASED

MS Warehousing Leases 212280 Square Feet At First Liberty Logistics Center In Houston

8251 Liberty Road

See Similar Deals
Industrial212,280 SF
Leased 08/26/2024
David Munson
Robert (Bob) Berry
+ 1
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:212,280 SF
Transaction Type:Lease

The property asset involved in this transaction is an industrial space located at 8251 Liberty Road in Houston, Texas. The building has a total square footage of 212,280 and is part of a larger speculative project spanning 424,560 square feet, developed by First Industrial Realty Trust. The facility features 40-foot clear heights and is scheduled for completion in fall 2025.

Summary of transation details:

The key individuals and companies involved in this lease transaction include Peter E. Baccile representing the landlord, while MS Warehousing is represented by Grant Hortenstine from CBRE and Bob Berry from Savills. The landlord's interests are represented by David Munson and Garrett Thomas of Cushman & Wakefield.

Players

9 deals
BROKER


Robert (Bob) Berry
Savills
1 deal(713) 237-5540
BROKER

Details

LEASED
IMAGE: Peter E. Baccile, Grant Hortenstine, Bob Berry, David Munson & Garrett Thomas DATE: 08/26/2024 ADDRESS: 8251 Liberty Road MARKET: Houston ASSET TYPE: Industrial ~ SF: 212,280 LANDLORD: Peter E. Baccile - First Industrial Realty Trust TENANT: MS Warehousing TENANT'S REP: Grant Hortenstine (@GHortenstine) - CBRE (@CBRE); Bob Berry - Savills (@Savills) BROKERS: David Munson & Garrett Thomas - Cushman & Wakefield (@CushWake) NOTE: MS Warehousing has preleased 212,280 square feet at First Liberty Logistics Center in northeast Houston, a 424,560-square-foot speculative project by First Industrial Realty Trust. The building, featuring 40-foot clear heights, is set for completion in fall 2025, with CBRE and Savills representing the tenant, and Cushman & Wakefield representing the landlord.

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Deal Type
Effective Rent (Annual)

$12,167,761.50

Total Lease Value

$121,677,615.01

Net Landlord Cash Flow$12,167,761.50