Provident Industrial announced the successful closing of Eastex 59, a planned four-building industrial park in North Houston, Texas.

Eastex 59 will be located just east of George Bush Intercontinental Airport. The site totals 740,404 square feet of industrial space, offering unit sizes ranging from 148,000 to 224,000 square feet.

The project features ample trailer storage & car parking, efficient circulation, and coveted visibility, making it highly attractive to prospective tenants.

Strategically positioned with direct access and frontage on Highway 59, Eastex 59 presents a unique opportunity for businesses seeking efficient logistics in an attractive location. The North Houston submarket consistently ranks as a top performer within the Houston MSA, with year-over-year rents, net absorption, vacancy rates, and sales volume all outperforming the overall Houston market.

Triten Real Estate Partners completed the sale of an infill industrial outdoor storage (IOS) portfolio in the Houston market.

Marketed by CBRE, the “Houston Infill IOS Portfolio” is comprised of 11 properties across 117 improved acres strategically located just east of Downtown Houston. The assets offer direct access to major freight corridors – including the Inner 610 Loop, I-10, and Hwy 90 – and critical regional infrastructure, such as the Port of Houston terminals and the UP/BNSF intermodals.

Triten acquired the portfolio in 2022 from a local family, identifying significant upside in a fragmented submarket with high barriers to entry. Triten’s strategy centered on professionalizing operations, activating tenant relationships, and repositioning sites to meet the needs of IOS users.

Investors are still sinking their dollars in U.S. industrial real estate, even with the threats of tariffs and other uncertainties facing the country’s economy.

That’s the most recent news from Colliers, which recently released its May Capital Markets report charting the performance of the main commercial real estate sectors in the United States.

And in good news for industrial real estate professionals, Colliers reported that the U.S. industrial sectors remains a favored destination for investment dollars. This isn’t overly surprising: U.S. real estate, despite its challenges, is still known as one of the safest investments. And the industrial sector, though not nearly as hot as it was during the days of the COVID pandemic, remains a solid performer.

How strong is the country’s industrial sector? Colliers reported that the U.S. industrial sector recorded $7.9 billion in sales volume in March. That’s a solid figure and is up 27% from a year ago and up 26% from February.

Other U.S. commercial sectors recorded strong performances, too.

The hospitality industry saw strong sales volume, too, recording $2 billion in sales volume in March. That is up 9% from March of 2024 and up 30% from February of this year.

The U.S. multifamily sector saw $9.2 billion in sales volume in March, up 20% on a year-over-year basis. That sales volume, though, was down 10% when compared to February.

The U.S. retail sector held steady, too, registering $4.5 billion in sales volume in March, up 30% year from the same month a year earlier. That figure was down 40%, though, from February.

The big laggard? Not surprisingly, it’s the office sector, which continues to face challenges from the work-from-home movement. According to Colliers, the U.S. office sector recorded $3.5 billion in sales volume during March. That is down 67% from the same month a year earlier and down 11% from February.