News Summary
GCP Paper has successfully secured financing for a substantial new manufacturing facility in New Caney, Texas. Covering 565,765 square feet, the site will enhance the company’s operational presence in the U.S. and is expected to generate significant local employment opportunities. Construction is set to start in mid-2025, with completion projected for summer 2026. This investment is poised to bolster both GCP Paper’s manufacturing capabilities and the local economy.
CBRE Secures Construction Financing for GCP Paper’s Major Manufacturing Facility in New Caney, Texas
A significant construction financing arrangement has been secured by CBRE for a major manufacturing project in New Caney, Texas, catering to the needs of GCP Paper. The facility is poised to be a landmark development, covering a vast area of 565,765 square feet on a spacious 32-acre site located within the East Montgomery Industrial Park.
Development Overview
This manufacturing facility is designed as a build-to-suit project specifically for GCP Paper, a leading Mexican company known for producing essential paper products, including toilet paper, facial tissue, and paper towels. The infrastructure will consist of two linked single-story buildings: an office/production warehouse and a mill building.
The office/production warehouse will be equipped with dock-high loading bays, enabling seamless logistics operations. The structure will utilize modern concrete tilt-wall panel construction, ensuring durability and efficiency. It is anticipated that construction will commence in June 2025, with an expected completion date by the summer of 2026.
Financing Details
The financing for this expansive project was facilitated by John Fenoglio and Brock Hudson from CBRE, who secured the necessary debt through Cadence Bank on behalf of GCP Paper. The financing was structured with a loan-to-cost ratio of 80%, which reflects a significant investment aimed at supporting the construction and development phases of the facility.
Significance of the Facility
GCP Paper stands as Mexico’s market leader in private label paper products, and this new facility in New Caney will serve as their flagship location in the United States. The strategic placement of the factory is expected to enhance their operational capacity and reach within the U.S. market.
Located at 19685 Emerald Lane in the East Montgomery Industrial Park, the facility’s establishment promises to be a cornerstone development, addressing not only the needs of the company but also promising to create substantial employment opportunities for the local community.
Potential Impact on the Region
The manufacturing facility is likely to have a favorable economic impact on the New Caney area, contributing to job creation and enhancing the local economy. As construction progresses, community leaders and stakeholders are optimistic about the influx of both direct and indirect job opportunities the project will bring.
Looking Ahead
In addition to this project, various upcoming real estate conferences in cities such as Kansas City, Houston, and Phoenix will provide platforms for industry professionals to discuss market trends and network with one another. These events are expected to facilitate discussions surrounding future projects and opportunities within the construction and real estate sectors.
As the construction of the GCP Paper manufacturing facility takes shape over the next few years, it highlights not only the growth of the manufacturing sector in Texas but also the importance of strategic partnerships in bringing significant projects to fruition. Community members and industry observers alike will be watching the progress of this pivotal endeavor as it unfolds.
Deeper Dive: News & Info About This Topic
Additional Resources
- Rebusiness Online: GCP Paper’s Manufacturing Facility Financing
- Connect CRE: Mexican Paper Maker’s New Factory
- HBS Dealer: McCoy’s New Location in Carney, Texas
- Wikipedia: New Caney, Texas
- Bisnow: Houston Deal Sheet
