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Pioneer Millworks Secures 19973 Square Foot Industrial Lease Renewal With Prologis In Houston
LEASED
+ 1
Texas
See Similar DealsIndustrial19,973 SF
Leased 08/16/2024
LEASED
Pioneer Millworks Secures 19973 Square Foot Industrial Lease Renewal With Prologis In Houston
8353 Kempwood Drive
See Similar DealsIndustrial19,973 SF
Leased 08/16/2024
+ 1
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:19,973 SF
Transaction Type:Lease
The property asset involved is an industrial space located at 8353-8399 Kempwood Drive in Houston, totaling 19,973 square feet. The facility is part of a larger property managed by Prologis, which encompasses a total of 174,337 square feet and was constructed in 1980.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8353-8399 Kempwood Drive
- Market: Houston
- Landlord: Prologis
- Tenant: Pioneer Millworks
- Landlord's Representative: Ryan Patronella - Prologis
- Tenant's Representatives: Jacob Summers, John Harris & Stephen Hazen - Oxford Partners
Oxford Partners facilitated a lease renewal for Pioneer Millworks at the specified address, securing the deal for the tenant under the representation of Jacob Summers, John Harris, and Stephen Hazen. This continues the existing relationship between Pioneer Millworks and the property managed by Prologis.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,144,840.31
Total Lease Value
$11,448,403.07
Net Landlord Cash Flow$1,144,840.31
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