From the Ground Up: Levey Group Rises to Challenge of Unprecedented Industrial Market

Powered by an entrepreneurial spirit, Houston’s Levey Group is seizing the moment for which it has prepared for nearly 40 years.

When real estate visionary Gustave Levey, affectionately known as Gus, founded the company in 1982, he had no way of predicting the ebbs and flows of the industrial market building up to what it is today.

“He was one of the pioneers of the industrial real estate development business in Houston, having begun building to-suit, single-tenant manufacturing facilities for lease,” says David Ebro, Levey Group president and Gus’s grandson. “Manufacturing companies often had no leasing options because the institutional developers focused almost exclusively on warehouse and distribution space.”

The Levey Group has never been afraid to bet on a dark horse. As the company evolved, so too did its projects. Appreciating flexibility and avoiding formulaic thinking, its team often recognizes values others overlook.

“Over the years we have developed buildings for sale, and built-to-suit for
lease both, on a stand-alone basis, and within our business parks. We have also redeveloped functionally obsolete buildings, and made collateral-backed opportunistic loans,” says Ebro. “We have carried this entrepreneurial philosophy into our land development business by acquiring parcels that are often overlooked because of some functional challenge, be it a lack of utilities, floodplain issues, pipeline crossings, etc.” Click to read more at