Walmart Leases 1 Square Foot At Borusan Rd Baytown From Hunt Southwest With Jason Dillee As Landlord's Rep
LEASED
Texas
See Similar DealsIndustrial1 SF
LEASED
Walmart Leases 1 Square Foot At Borusan Rd Baytown From Hunt Southwest With Jason Dillee As Landlord's Rep
Borusan Rd, Baytown, TX, 77523
See Similar DealsIndustrial1 SF
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1 SF
Transaction Type:Lease
A lease has been signed for a 1 million-square-foot distribution center located at Borusan Rd, Baytown, TX, 77523, in the Baytown market. The property is developed by Hunt Southwest and is intended for Walmart's expansion of its supply chain operations near Port Houston.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 1,000,000
- Address: Borusan Rd, Baytown, TX, 77523
- Market: Baytown
- Landlord: Hunt Southwest
- Landlord's Rep: Jason Dillee - CBRE
- Tenant: Walmart
The development was initiated in September 2020 and completed in April 2021. Jones Smith, Bill Frain, and Jamie Roussel from CBRE represented Walmart during the lease negotiations, whereas Jason Dillee and Nathan Wynne of CBRE represented Hunt Southwest. Walmart plans to open the new facility in the fall and anticipates adding approximately 300 new jobs to the regional economy.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$57.32
Total Lease Value
$573.19
Net Landlord Cash Flow$57.32
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