Investment & Development Ventures LLC Leases Industrial Asset In Houston For 603,389 SF - Cushman & Wakefield Brokers Involved
LEASED
+ 1
Texas
See Similar DealsIndustrial603,389 SF
Leased 12/13/2022
LEASED
Investment & Development Ventures LLC Leases Industrial Asset In Houston For 603,389 SF - Cushman & Wakefield Brokers Involved
NEC Sam Houston Tollway & Cullen Blvd
See Similar DealsIndustrial603,389 SF
Leased 12/13/2022
+ 1
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:603,389 SF
Transaction Type:Lease
Investment & Development Ventures LLC has successfully leased an industrial property located at the NEC Sam Houston Tollway & Cullen Blvd in Houston. The property offers a whopping 603,389 square feet of space, making it a significant asset in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Date: 12/13/2022
- Address: NEC Sam Houston Tollway & Cullen Blvd, Houston
- Market: Houston
- Landlord: Investment & Development Ventures LLC
- Brokers: Stephen Schneidau, Chuck Berger, Jim Foreman & Brooke Forrest - Cushman & Wakefield
This lease transaction was facilitated by the renowned brokerage firm Cushman & Wakefield, with brokers Stephen Schneidau, Chuck Berger, Jim Foreman, and Brooke Forrest representing the landlord in the deal. The successful lease of this expansive industrial property showcases the expertise and negotiation skills of these brokers, further solidifying their reputation in the industry.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$34,585,893.37
Total Lease Value
$345,858,933.69
Net Landlord Cash Flow$34,585,893.37
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