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<\/p>\nGCP Paper started construction this month on a 566K SF manufacturing facility in the northeast Houston suburb of New Caney, cementing the Mexican company\u2019s U.S. presence in the area.\u00a0<\/p>\n
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GCP Paper’s facility is expected to wrap up in June 2026 at 19685 Emerald Lane in the East Montgomery County Industrial Park, CBRE<\/a> said in a press release. The company produces private-label paper products, including toilet paper, tissues and paper towels, which were hot commodities\u00a0during pandemic-fueled panic buying<\/a>.<\/p>\n CBRE Capital Markets<\/a>\u2019 debt and structured finance team secured 80% loan-to-cost construction financing for the project, though CBRE did not disclose the financing amount. Construction will cost an estimated $38.3M, according to a filing with the Texas Department of Licensing and Regulation, Community Impact reported<\/a>.<\/p>\n GCP is planning a $400M total investment in Montgomery County, the Houston Business Journal reported in July 2023<\/a>, shortly after GCP Paper bought the 32-acre property.<\/p>\n The facility will be the company\u2019s flagship location in the U.S., according to CBRE.<\/p>\n GCP opened a U.S. arm of the business due to the increased demand for toilet paper shortly after the Covid-19 pandemic began, GCP Paper USA Chief Operating Officer Angel Jimenez told the HBJ. It rented a 236K SF building in the Interwood Distribution Center near George Bush Intercontinental Airport in 2021, and Walmart<\/a> was its main client at the time.<\/p>\n The Houston Chronicle reported in 2023 <\/a>that the Montgomery County project would be built in phases over a decade and eventually employ 150 people. The facility is expected to have three paper manufacturing machines and seven converting lines.\u00a0<\/p>\n GCP\u2019s\u00a0plans come as Houston\u00a0rakes in significant manufacturing investments<\/a> due to tariffs pushing companies to onshore operations. Since President Donald Trump<\/a>\u2019s inauguration, companies like\u00a0Apple<\/a>, Nvidia<\/a> and Tesla<\/a> have announced plans for large-scale manufacturing facilities in the Houston region.\u00a0<\/p>\n Jason Greenway and Emily Loomis with Cadence Bank provided the financing for the deal. Satterfield & Pontikes Construction is the general contractor.<\/p>\n CBRE Capital Markets\u2019 debt and structured finance team, represented by John Fenoglio and Brock Hudson, secured the construction loan in conjunction with Pontikes.<\/p>\n","protected":false},"excerpt":{"rendered":"GCP Paper started construction this month on a 566K SF manufacturing facility in the northeast Houston suburb of…\n","protected":false},"author":3,"featured_media":15882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5130],"tags":[15838,15841,15835,15833,15840,15837,4345,15839,15834,15836,358,3187],"class_list":{"0":"post-15881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-houston","8":"tag-angel-jimenez","9":"tag-brock-hudson","10":"tag-cadence-bank","11":"tag-cbre","12":"tag-emily-loomis","13":"tag-gcp-paper","14":"tag-houston","15":"tag-jason-greenway","16":"tag-john-fenoglio","17":"tag-satterfield-pontikes-construction","18":"tag-texas","19":"tag-tx"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114748883153607934","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/15881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=15881"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/15881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/15882"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=15881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=15881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=15881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}