First Community Credit Union Provides Loan For Industrial Property At 20404 Whitewood Dr

The portfolio comprises three net-leased industrial properties in and around Houston, Texas. The buildings are located at 9841 Windmill Park Lane, 20404 Whitewood Drive, and 1114 Seaco Ave. They are fully leased to Global Drilling Support, Forge Systems, Inc., and Intertek USA, Inc., respectively. These properties offer strategic locations in high-growth submarkets within Houston's Grand Parkway.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 20404 Whitewood Dr, Spring, TX, 77373
• Market: Spring
• Borrower's Rep: Michael Johnson(Versal)
• Lender: First Community Credit Union

JLL Capital Markets facilitated the sale and acquisition financing for the portfolio. Houston-based NDP Interests, LLC, acquired the asset, and the new owner secured a 10-year fixed-rate acquisition loan with First Community Credit Union. The JLL Capital Markets Investment Sales and Advisory team represented the seller, Finial Group, led by Senior Managing Director Trent Agnew and Director Charles Strauss. Managing Director Michael Johnson from JLL Capital Markets Debt Advisory team represented the borrower in the deal.