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GCP Paper USA Leases 99,926 Square Feet At Beltway North Commerce Center In Houston

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LEASED
Jeremy Lumbreras
Joseph (Joe) Smith
+ 1

Texas

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Industrial99,926 SF
Leased 10/16/2024
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LEASED

GCP Paper USA Leases 99,926 Square Feet At Beltway North Commerce Center In Houston

971 North Sam Houston Parkway East

See Similar Deals
Industrial99,926 SF
Leased 10/16/2024
Jeremy Lumbreras
Joseph (Joe) Smith
+ 1
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:99,926 SF
Transaction Type:Lease

The transaction involves a lease for an industrial asset located at 971 North Sam Houston Parkway East in Houston. The property encompasses a total area of 99,926 square feet and is situated in a market valued for industrial assets.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 971 North Sam Houston Parkway East
  • Market: Houston
  • Landlord: High Street Logistics Properties
  • Tenant: GCP Paper USA
  • Landlord's Representative: Jeremy Lumbreras & Woody Hillyer - Stream Realty Partners
  • Tenant's Representative: Jordan Enger & Joseph Smith - CBRE

The lease agreement was executed by GCP Paper USA, which signed for the 99,926-square-foot space within the Beltway North Commerce Center in North Houston. The landlord was represented by Jeremy Lumbreras and Woody Hillyer from Stream Realty Partners, while the tenant was represented by Jordan Enger and Joseph Smith from CBRE.

Players

Woody Hillyer
4 deals
BROKER

Jeremy Lumbreras
Stream Realty Partners⁠
16 deals(713) 560-0608
BROKER

Joseph (Joe) Smith
CBRE
11 deals$30.9M volume(619) 696-8325
BROKER

Details

LEASED
IMAGE: Jeremy Lumbreras, Woody Hillyer, Jordan Enger & Joseph Smith DATE: 10/16/2024 ADDRESS: 971 North Sam Houston Parkway East MARKET: Houston ASSET TYPE: Industrial ~ SF: 99,926 LANDLORD: High Street Logistics Properties TENANT: GCP Paper USA LANDLORD'S REP: Jeremy Lumbreras (@JerryVaquero) & Woody Hillyer - Stream Realty Partners⁠ (@StreamRealtyPartners) TENANT'S REP: Jordan Enger & Joseph Smith - CBRE (@CBRE) NOTE: GCP Paper USA signed a 99,926-square-foot industrial lease at Beltway North Commerce Center in North Houston. Stream Realty’s Jeremy Lumbreras and Woody Hillyer represented the landlord, High Street Logistics Properties, while CBRE’s Joseph Smith and Jordan Enger represented the tenant. ⁠

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Deal Type
Effective Rent (Annual)

$5,727,698.02

Total Lease Value

$57,276,980.20

Net Landlord Cash Flow$5,727,698.02