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Big Air Trampoline Park Secures 35,311 SF Retail Lease In Houston

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LEASED

Texas

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Retail35,311 SF
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LEASED

Big Air Trampoline Park Secures 35,311 SF Retail Lease In Houston

3040 Fm 1960 East

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Retail35,311 SF
Leased
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:35311 SF
Transaction Type:Lease

The retail property located at 3040 Fm 1960 East in Houston, spanning 35,311 square feet, was involved in a lease transaction. The lease was secured by Greg Briggs for Big Air Trampoline Park at Cypress Landing Shopping Center.

Summary of transaction details:

Big Air Trampoline Park, led by Greg Briggs, will be opening the 35,311-square-foot facility in May at Cypress Landing Shopping Center. The lease was negotiated with the assistance of Jason Gaines from Sturbridge Commercial Real Estate, representing the landlord, and R.J. Mohindra from FEC Real Estate, representing Big Air. Plans are in place for Big Air to expand by opening an additional 30 locations in the future.

Players

Jason Gaines
8 deals(713) 410-8910
BROKER

Details

LEASED
IMAGE: Greg Briggs, Jason Gaines & RJ Mohindra DATE: 04/24/2024 ADDRESS: 3040 Fm 1960 East MARKET: Houston ASSET TYPE: Retail ~ SF: 35,311 TENANT: Greg Briggs - Big Air Trampoline Park LANDLORD'S REP: Jason Gaines - Sturbridge Commercial Real Estate (@Sturbridge.CRE) TENANT'S REP: RJ Mohindra - FEC Real Estate NOTE: Big Air Trampoline Park secured a 35,311-square-foot retail lease at Cypress Landing Shopping Center in Houston, with Jason Gaines of Sturbridge Commercial Real Estate representing the landlord and R.J. Mohindra of FEC Real Estate representing Big Air, which plans to open the facility in May and expand further with 30 more locations.

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Deal Type
Effective Rent (Annual)

$2,024,005.21

Total Lease Value

$20,240,052.12

Net Landlord Cash Flow$2,024,005.21