Houston Industrial Market Review – 2025
Major Land and Building Purchases
- Foxconn’s AI Manufacturing Hub: In a major corporate acquisition, Taiwan-based electronics giant Foxconn Corp. purchased the four-building, 1-million-square-foot Fairbanks Logistics Park in northwest Houston from Dalfen Industrial. The reported price was $142 million. Foxconn plans to invest an additional $450 million to convert the campus into an AI server manufacturing facility.
- JLL-Arranged Portfolio Sale: JLL Capital Markets announced the sale of a portfolio of eight light industrial buildings, totaling 275,602 square feet, in Houston. The firm arranged $29.5 million in acquisition financing for the deal. The buyer was a firm represented by Align REI, and the sellers were the original developer and investor group.
- Triten Real Estate Partners Land Acquisition: Triten Real Estate Partners acquired a 25-acre site in North Houston to develop a new industrial project. The development will feature two front-load distribution buildings totaling 392,650 square feet.
- Last-Mile Facility Sale: JLL also closed the sale of a 141,360-square-foot, Class A “last-mile” industrial facility in the Northwest Houston submarket of Cypress, Texas. The fully-leased asset was sold to Vigavi by an affiliate of Allegra Holding Group.
New Industrial Building Starts and Completions
- Under Construction: At the end of Q2 2025, there was approximately 14.5 million square feet of industrial space under construction. The most active submarkets for development are the Southeast (Port of Houston) and Northwest, which together account for nearly 60% of the active construction pipeline.
- Noteworthy Projects:
- TGS Cedar Port Partners is preparing to break ground on DC 5, a 609,000-square-foot distribution center in the TGS Cedar Port Industrial Park.
- Triten Real Estate Partners has scheduled the start of construction on its 392,650-square-foot development in North Houston for Q1 2025, with project delivery anticipated for Fall 2025. The firm also has a 171,000-square-foot facility under construction off Will Clayton Parkway, slated for completion by Summer 2025.
- Lovett Industrial, in partnership with PCCP, LLC, has broken ground on a 14-acre, 241,000-square-foot industrial business park in Garland, TX, which serves the broader Dallas-Fort Worth metroplex but is a significant project for the regional industrial developer.
Top Industrial Builders in Houston
McCarthy Building Companies, Inc.
Address: 2200 Post Oak Blvd, Suite 2200, Houston, TX 77056
Phone: 713-963-9790
Note: Known for large-scale, complex projects, including infrastructure and port-related industrial work.
H+M Industrial EPC
Phone: 832-558-6212
Note: A full-service engineering, procurement, and construction (EPC) contractor specializing in heavy industrial projects for the chemical, energy, and power industries.
GRA-Gulf Coast Construction
Note: A local general contractor specializing in turnkey industrial and commercial projects, including warehouses, distribution centers, manufacturing plants, and metal buildings.
Top Industrial Builders & Developers in Houston
Major Development Companies
1. Partners Real Estate
- One of largest privately-held commercial real estate firms in U.S.
- Active in industrial development and investment
- Contact: Information available through partnersrealestate.com
2. Stream Realty Partners
- National commercial real estate firm
- Integrated platform of services
- Recent major land acquisitions in Houston
- Contact: streamrealty.com
3. Liberty Development Partners
- Major player in Grand Parkway corridor
- Gulf Inland Logistics Park developer
- Specializes in large-scale logistics facilities
4. Clay Development & Construction, Inc.
- Developer and design/builder since 1998
- Specializes in industrial build-to-suit facilities
- Offers tax abatement facilitation
- Participates in joint ventures
- Contact: claydevelopment.com
5. Lovett Industrial
- Houston-headquartered industrial investment and development firm
- Top-tier estate investment, development, and management
- Operates across key U.S. markets
- Specializes in industrial development and existing asset acquisition
- Contact: lovettindustrial.com
6. Johnson Development
- Award-winning master-planned real estate developer since 1975
- Headquarters in Houston
- Both residential and commercial projects
- Contact: 713-960-9977 | johnsondevelopment.com
7. Planned Community Developers
- Developer of Sugar Land Town Square
- Active in mixed-use developments with industrial components
Additional Industry Players
- Dayton Street Partners (Chicago-based, active in Houston)
- Partners Capital (Investment arm focused on land acquisition)