Aerial view showcasing the newly developed Eastex 59 Industrial Park.
Provident Industrial has closed the Eastex 59 industrial park project in North Houston, featuring over 740,000 square feet of space. This development aims to support growing logistics demand, particularly for air cargo operations at George Bush Intercontinental Airport. With strategically located buildings, the project includes essential amenities to attract a range of tenants. Provident Industrial’s ongoing commitment to expand enhances its significant real estate footprint across the United States, focusing on industrial developments that cater to evolving market needs.
On March 27, 2025, Provident Industrial announced the successful closure of the Eastex 59 industrial park project located in the North Houston submarket. The development will consist of four buildings totaling 740,404 square feet of industrial space. This project is poised to meet the growing logistics demand, particularly for air cargo operations at the nearby George Bush Intercontinental Airport (IAH).
The Eastex 59 industrial park features unit sizes ranging from 148,000 to 224,000 square feet, designed to attract a variety of tenants looking for spacious operational facilities. Key amenities include ample trailer storage, car parking, efficient circulation routes, and high visibility, all of which are essential for attracting prospective businesses to the site.
Strategically located with direct access to Highway 59, the industrial park benefits from its position in a high-demand area. The North Houston submarket, where Eastex 59 is situated, has been recognized as a top performer within the Houston metropolitan statistical area (MSA). It has consistently demonstrated superior year-over-year rents, low vacancy rates, and strong sales volume, outpacing the overall Houston market.
Leading the project is Christen Vestal, Director of Provident’s Houston Office, with assistance from analyst Titus Jefferies. The Eastex 59 project marks the sixth joint venture between Provident Industrial and Junction Commercial Real Estate, which has collaborated on over 3.25 million square feet of institutional-grade industrial developments across various locations.
Provident Industrial’s commitment to expanding its industrial portfolio remains evident. The company currently oversees 8.2 million square feet of projects either under construction or in pre-development stages throughout Texas, Arizona, and the Carolinas.
Founded in 1991, Provident has established itself as a prominent player in the real estate sector, having developed or invested more than $5.9 billion in various projects across the United States. With a focus on industrial developments, Provident continues to adapt to market demands while providing high-quality, strategically located spaces for businesses.
The completion of the Eastex 59 industrial park is expected to significantly contribute to the local economy, providing opportunities for businesses looking to establish operations in a thriving logistical hub. This development aligns with the increasing demand for enhanced infrastructure, particularly in regard to air cargo logistics supported by major transportation assets in the Houston area.
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