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 Major Manufacturing Facility in New Caney, Texas
In an important development for New Caney, Texas, CBRE has successfully arranged _construction financing_ for a new manufacturing project that will cover a total area of 565,765 square feet. This ambitious project, set on a 32-acre site within the East Montgomery Industrial Park, is being built to serve GCP Paper, a leading Mexican company specializing in products such as toilet paper, facial tissues, and paper towels.
Project Details and Layout
The facility will comprise two interconnected single-story structures: an office/production warehouse and a mill building. The office/production warehouse is designed with dock-high loading bays and incorporates modern concrete tilt-wall panel construction, which is known for its durability and efficiency.
Construction on the facility is expected to commence in June 2025, with plans to finish the project by the summer of 2026. The new establishment will serve as GCP Paper’s _flagship location in the U.S._, further solidifying its position as Mexico’s market leader in private label paper products.
Financing and Development
The financing for this major construction initiative has been structured with a loan-to-cost ratio of 80%. The debt was facilitated through Cadence Bank, ensuring that the project receives the support needed to move forward efficiently. The developer and general contractor for this project is Pontikes, which is recognized for its expertise in large-scale constructions.
Economic Impact and Employment Opportunities
This substantial development aims not only to bolster GCP Paper’s operations but also to create a significant number of _employment opportunities_ within the regional community. As the manufacturing facility takes shape, it is expected to have lasting positive effects on the local economy, both through job creation and by increasing commerce in the surrounding areas.
Upcoming Industry Events
In addition to the excitement surrounding this manufacturing facility, industry professionals can look forward to several upcoming _real estate conferences_ in major cities such as Kansas City, Houston, and Phoenix. These events will address market trends and provide valuable networking opportunities that could benefit those involved in the construction and real estate sectors.
As construction on this major manufacturing project moves ahead, it underscores the vitality of industrial developments within the Texas landscape. GCP Paper’s new facility not only promises to elevate their brand within the U.S. market but also to strengthen the community economically and socially for years to come.
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
Author: Construction TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
