Pagewood has leased their entire 500,840-square-foot industrial property located on Hwy 290 in Waller, Texas. The property has been leased to Daikin Industries Ltd, a Japanese air conditioning manufacturer, for a multiyear lease. The new facility will serve as Daikin's logistics and distribution hub, conveniently located near their 4.3 million-square-foot manufacturing and distribution facility in the area.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: Hwy 290
• Market: Waller
• Size: 500,840 square feet

The landlord, Pagewood, was represented by Jason Dillee and Nathan Wynne from CBRE. The tenant, Daikin Industries Ltd, was represented by Heath Donica, Seth Koshak, and Tyler Maner from Stream Realty Partners. This lease agreement allows Daikin Industries Ltd to expand their existing footprint in the Waller area and establish a dedicated logistics and distribution hub near their main manufacturing and distribution facility.