Lindenmeyr Munroe Signs 100,043-Square-Foot Lease At Patriot Business Park In Houston
10330 Veterans Memorial Drive
Building Size
100,043 SF
Asset Type
Industrial
Closing
Jun 19, 2026
AI
The property asset involved in this transaction is an industrial facility located at 10326-10330 Veterans Memorial Road in Houston, TX. This asset features a total square footage of 100,043 and is situated within a newly delivered industrial campus that spans 462,591 square feet. The development is known as Patriot Business Park and offers modern distribution spaces with direct access to major transportation routes, including Beltway 8 and I-45.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 100,043
- Address: 10326-10330 Veterans Memorial Road
- Market: Houston, TX
- Landlord: Investment & Development Ventures LLC (IDV) & Standard Real Estate Investments (SREI)
- Tenant: Lindenmeyr Munroe
- Landlord's Representative: Tyler Maner, Natalie Gilbert & Jeremy Lumbreras - Stream Realty Partners
- Tenant's Representative: Jim Foreman & Sean Duffy - Cushman & Wakefield
Lindenmeyr Munroe has secured a lease at the property, becoming the second major tenant at Patriot Business Park, following Smurfit Westrock’s earlier lease. This transaction reflects the increasing leasing activity at the logistics park, which is characterized by its strategic location and modern features.
Players
Veteran Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93