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Lincoln Property JV Delivers Houston Facility

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The company partnered with HIMCO to develop the distribution center. The post Lincoln Property JV Delivers Houston Facility appeared first on Commercial Property Executive.

Exterior shot of Maverick Distribution, that recently came online in Houston — Maverick Distribution is the North Houston submarket’s first building with 40-foot clear height ceiling capacity. *Image courtesy of Lincoln Property Co.*

Lincoln Property Co. has completed Maverick Distribution, a 435,680-square-foot industrial facility in Houston. The Class A property was developed in a joint venture with HIMCO and is currently available for lease.

Texas Exchange Bank provided a $28.5 million construction loan originated in September 2023, according to Harris County public records. The same source shows that Lincoln Property Co. purchased the development site in 2022, from The National Realty Group Inc. The development team included Powers Brown as architect of record and EE Reed as general contractor.

Maverick Distribution is at 18239 Aldine Westfield Road, covering a 26-acre lot. The property allows easy access to interstates 45 and 69, as well as to Beltway 8. George Bush Intercontinental Airport is within 4 miles from the property, downtown Houston is within 18 miles and William P. Hobby Airport is within 30 miles. Notable corporate neighbors in the area include Amazon, Coca Cola, Sysco and Farouk Systems, among others.

The property includes 40-foot clear heights, being the first asset with such ceiling capacity in the North Houston area. The building was designed to meet highly technical needs of advanced logistics companies. It also includes cross-dock configuration with 102 overhead doors, ample column spacing, ESFR sprinkler systems and 70-foot speed bays. Additionally, Maverick Distribution features ample parking spaces, with 289 vehicle parking spots and 134 trailer parking spots.

Lincoln Property Co.’s Executive Vice President Kevin Wyatt, Leasing Representative Robert Willard and Associate SuAnna Sanchez are leading leasing efforts for Maverick Distribution. The property has spaces that are divisible to as much as 100,000 square feet or can be used by a single tenant.

Houston’s industrial pipeline

As of December last year, Houston’s pipeline had 12.4 million square feet underway, a recent CommercialEdge report shows. The metro ranked third among top U.S. markets, outpaced only by Phoenix (22.4 million square feet) and Dallas-Fort Worth (18.9 million square feet).

Recent developments include GreensPORT Logistics Park, a two-building, 535,478-square-foot project that broke ground in October. Developed by Jackson-Shaw, the complex is expected to come online in the third quarter of this year.

In recent months, Hines also broke ground on Grainger’s Houston Texas Distribution Center, a 1.2 million-square-foot project in Hockley, Texas. The property will become one of Grainger’s largest facilities, hosting about 400 employees in the first year.

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