ACMI Properties reaches key milestones at 207-acre Exploration Park in Houston

ACMI Properties, a national industrial developer of mission-critical aerospace and national security facilities, announced several major milestones in the advancement of its 207-acre Exploration Park development on NASA’s Johnson Space Center in Houston, Texas.

ACMI selected Griffin Partners as a new co-development partner, Gensler as the design firm for the project, and Walter P Moore as the civil engineering firm for the pioneering campus. 

As the United States increases efforts to return to the Moon, reach Mars, and expand capabilities in orbit, the need for commercially driven innovation has never been greater. Exploration Park is being developed as the nation’s premier hub to accelerate this next era of exploration — a place where breakthrough technologies are conceived, built, and launched to support America’s leadership in space. KBR, a global leader in science, technology and engineering solutions, will serve as one of the anchor tenants at Exploration Park, establishing a strong foundation for the campus’ commercial ecosystem.

“As the number of people visiting, working, and living in space grows, much of the essential technology to enable that exploration and commerce will be born out of companies located at Exploration Park,” said Simon Shewmaker, Head of Development at ACMI Properties. “We are seeing a cascade of tenancy interest from companies and are thrilled to be working alongside Griffin Partners and leading architecture and engineering firms to bring the project to life.”

Griffin Partners, a Houston-based real estate investment firm with a national footprint and deep expertise in developing successful industrial and office projects, was selected as a strategic partner for the development at Exploration Park, bringing operational scale and precision to the delivery of aerospace, manufacturing, and science facilities.

“Exploration Park is an exciting opportunity to build a place where ideas for the future of space exploration can take shape,” said Fred Griffin, Chairman and Founder of Griffin Partners. “With ACMI and our amazing partners, we’re creating an environment where groundbreaking technologies can be developed and launched.” Travis Covington, President of Development at Griffin Partners adds, “We create spaces where innovation and collaboration can thrive. Our team is committed to turning this vision into reality by delivering best-in-class facilities that empower our partners to do their best work.”

ACMI also announced the selection of key partners for the site’s development, including world-renowned architecture, design, and planning firm Gensler and leading global engineering and consulting firm Walter P Moore as the civil engineer. Gensler brings over 60 years of design leadership and a research-driven, client-focused approach. Leveraging deep local expertise and an established relationship with NASA, Gensler delivers flexible, phased solutions that adapt to evolving requirements and advance ACMI’s strategic vision. Walter P Moore brings nearly a century of expertise designing some of the world’s most innovative structures, leveraging cutting-edge technologies essential to the success off visionary projects like Exploration Park. 

“Gensler is excited to partner with ACMI and Griffin on the vision for Exploration Park,” said Lucian Nesline, Principal at Gensler Houston. “This collaboration allows us to strategically tap into our advanced manufacturing, science and technology design expertise to help build a dynamic environment that fosters innovation in research and development.” 


“Exploration Park represents a significant step in advancing emerging technologies connected to NASA’s Johnson Space Center,” said Charlie Penland, Managing Principal at Walter P Moore. “We are excited to contribute our engineering expertise as part of this collaborative team effort to help bring ACMI’s vision to life in the Clear Lake community.”

Exploration Park is being purpose-built to be a premier hub for commercial space innovation and a global center of excellence for human spaceflight, supporting missions to Mars, the Moon, and orbit, with at least 20 build-to-suit facilities on a campus that can accommodate at least 1.5 million square feet. Designed to support R&D, labs, clean rooms, offices, and light manufacturing, the park will serve key sectors such as aerospace, advanced manufacturing, robotics, life support systems, AI and other technologies critical to human spaceflight, space commerce, and exploration. JLL’s Richard Quarles, David Holland, and Angela Watford are managing leasing efforts at Exploration Park on behalf of ACMI.

Study finds one in 11 U.S. millionaire households chooses to rent instead of buy

You’d think U.S. millionaires would almost always own a home. But a new study shows that a growing number of wealthy people are choosing instead to rent.

RentCafe in a recent Market Insights report said that the number of millionaire renters in the United States has more than tripled in the last five years. In 2019, there were 4,512 U.S. households earning seven figures but choosing to rent.

By 2023? That number increased significantly to 13,700 households.

RentCafe reported that southern cities are seeing the fastest growth in millionaire renters. According to the report, Houston went from seven wealthy renter households in 2019 to 179 by 2023. That represents a 25-fold increase.

In little surprise, RentCafe found that New York City boasted the greatest number of millionaire renter households in 2023, with 5,661. San Francisco came in second place with 1,411, while Los Angeles rounded out the top three with 823.

Chicago had the most millionaire renter households in the Midwest in 2023, with 382. Austin, Texas, ranked 12th on the list with 207 renter households, while Dallas ranked 14th with 185 and Houston 15th with 179.

At The Retail Connection we’re excited to welcome two new team members

 Doug Williams
ANALYST | BROKERAGE 

Doug Williams is an Analyst at The Retail Connection’s Dallas office, where he applies his strong analytical skills and passion for commercial real estate to support the brokerage team on a wide range of projects. 

Prior to joining TRC, Doug gained experience on the sales team at All Roads Travel, interned at Northwestern Mutual during the summer of 2023, and worked remotely for Barger and Associates while completing his final years of college.

Doug, a Texas native, graduated from Keller High School, where he was actively involved in football, baseball, and track. He went on to earn his bachelor’s degree in Finance and Economics with a focus on Real Estate Finance and Wealth Management from the University of Oklahoma’s Price College of Business. During his time at OU, Doug was a member of the OU Capital Group Fellows, the OU Real Estate Club, the Economics Club, and the Wealth Management Club.

Outside of the office, he’s an avid Dallas sports fan who enjoys watching games with friends and training in Muay Thai and kickboxing for fun.

 Jaxx Hatton
ANALYST | BROKERAGE 

 Jaxx Hatton is an Analyst at The Retail Connection, based in the Dallas office, where he leverages his solid background and growing expertise in the real estate industry. Jaxx supports the team by delivering insightful data and research that help drive informed decisions in the competitive real estate landscape.

Jaxx earned his bachelor’s degree in Finance with a specialization in Real Estate from Southern Methodist University. While at SMU, he interned with Lee Lewis Construction as an estimator, where he gained valuable hands-on experience and discovered his passion for a career in brokerage.

A Dallas native, Jaxx attended Trinity Christian Academy, where he played baseball, before heading to Highland Park to continue his education at SMU.

A fun fact about Jaxx: many of the veteran brokers at TRC know his dad, Bervin, a well-respected figure in the DFW brokerage community who has clearly passed down his strong relationship-building skills.

Cynthia Cowen joins Foundry Commercial’s Mission Property Group in Dallas

Foundry Commercial is pleased to announce that Cynthia Cowen has joined the company’s Mission Property Group as Senior Vice President, based in the Dallas office.

With more than three decades of experience in commercial real estate, Cowen has built a reputation for representing iconic properties across North Texas. Among her more well-known leasing assignments are The Towers at Williams Square, Hall Park Frisco, Frisco Station, One Victory Park, and Urban Towers. A native of Dallas, Cowen has known since childhood that she wanted to become a commercial real estate broker, inspired by a close family friend in the industry.

Cowen brings more than two decades of commercial real estate experience to Foundry, including 15 years with Cousins Properties, where she was part of a team later acquired by Cushman & Wakefield. She continued her work in agency leasing at Cushman & Wakefield for nearly eight years, representing some of the most prominent landlords in the region. After connecting with several members of Foundry’s Dallas office, Cowen said the company’s Mission Property Group stood out as a rare opportunity to align her personal sense of purpose with her professional expertise.

“I’ve spent my career cultivating strong relationships and helping property owners create value,” Cowen said. “When I learned that Foundry has a dedicated team that provides real estate solutions that empower churches, schools, and non-profits to better serve their communities, I realized this was a chance to use my background in a way that could truly make a difference.”

Foundry’s Mission Property Group is a specialized division within the broader real estate platform that focuses exclusively on helping mission-driven organizations unlock the potential of their real estate. Whether navigating relocations, redevelopments, or long-term strategies, the team serves as a trusted advisor to institutions with transformational community goals.

“Cynthia brings not only a wealth of experience, but also a deep desire to do something meaningful with the next chapter of her career,” said Matt Messier, SIOR, CCIM, who leads Foundry’s Mission Property Group. “Her calling to serve makes her an ideal fit for our team, where we see tremendous opportunity to help churches, not-for-profits, and educational institutions use their real estate more effectively to further their missions.”

Cowen is a graduate of Dallas Baptist University and has been active in the Commercial Real Estate Women (CREW) Dallas chapter for more than 25 years. She is also a supporter and volunteer with Big Brothers Big Sisters in Dallas and Haven of Love.

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Photo Attached: Cynthia Cowen has joined Foundry Commercial’s Mission Property Group as Senior Vice President based in the Dallas office.

About Foundry Commercial:

Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 4,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and over 4,590 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.8 billion in joint ventures with many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.

Naina Magon promoted to Managing Principal at Hawes Hill & Associates LLP

Hawes Hill & Associates announces the promotion of Naina Magon to Managing Principal. In this role, Naina oversees daily operations and guides the firm’s long-term strategic direction. She brings over 25 years of experience in municipal government and consulting at city, county, and regional levels. Her work has included the creation and management of special districts such as Tax Increment Reinvestment Zones and Municipal Management Districts across Texas. With a strong background in economic development, planning, and development finance, she has helped public and private clients craft innovative solutions and fund impactful projects.

“Those who’ve worked with Naina know her outstanding work ethic, deep expertise, and natural leadership. Her personal integrity and professional acumen have earned the trust and admiration of clients, colleagues, and partners alike,” said Dave Hawes, Founder of Hawes Hill & Associates.

Karrie Wimble promoted to Principal at Polkinghorn Group Architects

We’re proud to announce Karrie’s promotion to Partner! Karrie has consistently demonstrated exceptional leadership, strategic insight, and a deep commitment to our clients and team. Her integrity, innovative mindset, and drive for excellence have played a key role in our continued success. Please join us in congratulating Karrie on this well-deserved achievement and exciting new chapter in her career!