CBRE Capital Markets Secures Construction Financing for 565,765 Sq. Ft. Manufacturing Facility in North Houston

CBRE secured construction financing for the development of a 565,765-sq.-ft. manufacturing facility in New Caney, Texas for GCP Paper, a Mexico-based private label paper product company.

CBRE Capital Markets’ Debt & Structured Finance team, represented by John Fenoglio and Brock Hudson in Houston secured the 80% loan-to-cost (LTC) construction loan for GCP Paper in conjunction with Pontikes who is serving as fee developer. Jason Greenway and Emily Loomis with Cadence Bank provided the financing. Satterfield & Pontikes is the general contractor for the project.

GCP Paper is the market leader in Mexico for private label paper products such as toilet paper, facial tissue, and paper towels. This new facility will be the company’s flagship location in the United States.

“A market leader in Mexico, GCP is strategically expanding operations to meet demand, diversify its business and drive future growth,” said Hudson, Vice President at CBRE. “We look forward to this transformative project enabling GCP to establish a strong foothold in the U.S. market and uphold its commitment to delivering exceptional products to customers.”

Located at 19685 Emerald Lane in the East Montgomery Industrial Park, the facility will be situated on 32 acres with proximity to FM 1485 and Gene Campbell Boulevard. The facility will consist of two interconnected single-story structures: an office/production warehouse and a mill building. The office/production warehouse, designed for single-tenant use, will include dock-high loading bays and a concrete tilt-wall panel construction. The mill building, utilizing cast-in-place concrete for its structure, will house a paper mill—one of the few in the state—capable of converting cellulose into rolls of paper.

Construction on the facility started in June 2025 and is expected to be complete in June 2026.