News Summary
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.
Houston, Texas – Provident Industrial Successfully Closes Eastex 59 Industrial Park Project
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.
Leadership and Development Partnership
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.
Background on Provident Industrial
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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Additional Resources
- Commercial Search: 500KSF Lease Signed at Houston Industrial Park Near Port
- Wikipedia: Houston
- WDHN: Houston Co. Commission Tries to Get Millions in Grants for Industrial Park Growth
- Google Search: Houston industrial park
- Newswire: TGS Cedar Port Partners Secures Largest Rail-Served Industrial Lease
- Google Scholar: Houston industrial development
- Connect CRE: BKM Picks Up 260K SF Houston Industrial Park
- Encyclopedia Britannica: Houston business
- Bisnow: This Week’s Houston Deal Sheet – Baytown Industrial Park Secures Year’s Largest Rail-Served Industrial Deal
- Google News: Houston industrial
Author: STAFF HERE HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
