Construction of GCP Paper's new manufacturing facility in New Caney, Texas.
GCP Paper, a private label paper product company, has secured financing for a manufacturing facility in New Caney, Texas, which will span 565,765 square feet. The project, financed by CBRE Capital Markets, is set to enhance local economic growth and job opportunities, with construction expected to commence soon and complete in the upcoming years. This facility aims to strengthen GCP Paper’s presence in the U.S. manufacturing landscape.
GCP Paper, a Mexico-based company specializing in private label paper products, has successfully secured construction financing for a significant new manufacturing facility in New Caney, Texas. This facility, expected to cover a massive area of 565,765 square feet, marks a major investment in the company’s U.S. operations.
The deal involves an 80% loan-to-cost (LTC) construction loan, facilitated by the Debt & Structured Finance team of CBRE Capital Markets. Key representatives for the financing arrangement include experts who specialize in structuring deals to support large construction projects. Financial backing also comes from Cadence Bank, underscoring various institutions’ confidence in GCP Paper’s strategic expansion.
Construction began in June 2025 with an expected completion date in June 2026. The facility will consist of two interconnected single-story structures; one will serve as an office/production warehouse while the other will be a dedicated mill building. This strategic design aims to enhance operational efficiency and streamline production capabilities.
The East Montgomery Industrial Park, located at 19685 Emerald Lane, will house this new manufacturing plant, which is set to become GCP Paper’s flagship location in the United States. This significant presence in Texas aims to bolster the company’s manufacturing output, catering to a growing demand for paper products across the region.
The broader economic environment in Texas shows solid growth, especially in housing and construction markets. In downtown Dallas, a remarkable boom in apartment construction has occurred, ranking the area 12th in the nation for apartment growth. Since 2020, over 7,600 new units have been built, making up nearly one-third of all new rental properties in the city.
Dallas leads the state in downtown apartment construction, followed by Houston and Austin, with significant growth figures such as 7,128 units in Houston and 7,054 units in Austin. The number of apartments in downtown Dallas has risen dramatically, growing from 7,900 units in the 1990s to over 22,500 units in the last decade.
Moreover, there has been a notable trend toward redeveloping old commercial spaces into apartments, accounting for 10.5% of newly added units. This diversification of housing options is reflective of the changing market demands and urban renewal efforts.
Continuing the trend of investment, AvalonBay Communities recently announced plans to acquire eight apartment communities within the Austin and Dallas-Fort Worth metropolitan areas, totaling 2,701 units. The Austin assets include 857 units, acquired for $187 million, while the Dallas-Fort Worth properties, comprising 1,844 units, were acquired for approximately $431.5 million. These suburban garden communities, averaging 11 years old, highlight the ongoing demand for updated living spaces.
As the Dallas-Fort Worth area sees ongoing growth in rental demand, the average rent per unit within these communities hovers around $1,675 per month. In Houston, the average asking rent remains stable at $1,364, reflecting a cautious yet steady rental market.
Looking to the future, forecasts suggest a year-over-year rent growth of 2.2% in Houston by 2025, and the average occupancy rate in stabilized properties has remained stable at 92.6% year-over-year. Employment growth in Houston was measured at 2.1%, which is above the U.S. average, while an accompanying unemployment rate of 4.1% matched the national figure.
In another substantial development, Oneok and MPLX are investing $1.8 billion to construct a 400,000-barrel-per-day LPG export terminal in Texas City. This project further supports Houston’s core industry and adds to the region’s economic vitality.
As GCP Paper gears up for its new facility and the local economy remains robust, the construction sector in Texas is poised for a continued upswing, driven by both residential and commercial investments.
News Summary The North Port City Commission will discuss a public-private partnership proposal from Florida…
News Summary Clifford Chance has facilitated a significant financing deal worth $282.5 million for Zelestra,…
News Summary Ponce Financial Group, Inc. is expanding its construction lending operations despite high inflation,…
News Summary NCC AB has announced the securing of a SEK 300 million construction contract…
News Summary A federal judge has temporarily halted the closure of 99 Job Corps centers…
News Summary Buildots has unveiled its new Portfolio Dashboard, an AI-driven tool aimed at enhancing…