GCP Paper Secures Financing for New Manufacturing Facility

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