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10330 Veterans Memorial Drive

Lindenmeyr Munroe Signs 100,043-Square-Foot Lease At Patriot Business Park In Houston
LEASEDIndustrial

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

Tyler Maner

Stream Realty Partners⁠

Broker

12 deals

Broker

Sean Duffy

Cushman & Wakefield

Broker

$9M

vol

2 deals

Broker
Standard Real Estate Investments
Standard Real Estate InvestmentsLandlord

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