Portman has secured construction financing for Gateway 1960, a 714,233-square-foot speculative industrial campus in Houston. The project will include three warehouse facilities at North Houston Commerce Park, with construction scheduled to begin in August and completion targeted for the third quarter of 2027.
Key Takeaways
- Portman secured construction financing for the 714,233-square-foot Gateway 1960 industrial project in Houston.
- The campus will include a 440,323-square-foot cross-dock facility and two additional warehouses.
- Construction is scheduled to begin in August 2026, with completion expected in the third quarter of 2027.
- The project will occupy more than 33 acres within the 189-acre North Houston Commerce Park.
- Only 10.8% of Houston’s industrial deliveries in the second quarter were preleased, according to the cited Lee & Associates report.
Gateway 1960 has reported development costs of $24.3 million and is expected to be completed in the third quarter of 2027. The project will add warehouse capacity before tenants have been identified for the buildings.
The development is planned as speculative industrial space rather than a build-to-suit project for a named occupant. Future leasing activity will determine how the space is occupied after delivery.
A separate Houston industrial park development in the Tomball area also calls for multiple office and warehouse buildings. The project covers more than 428,000 square feet and is planned near the Grand Parkway.
Three Warehouse Facilities Form the Houston Industrial Campus
Photo Credit: Unsplash.com
Gateway 1960 will consist of three warehouse facilities totaling 714,233 square feet, according to the project description.
The largest building will be a 440,323-square-foot cross-dock facility. The campus will also include a 157,723-square-foot front-load warehouse and a 116,293-square-foot rear-load building.
The project combines three warehouse configurations on one campus. The cross-dock building will account for most of the planned space, while the front-load and rear-load facilities will provide smaller footprints.
Angler Construction is the general contractor, Powers Brown Architecture is the architect and Langan is providing civil engineering services.
The project is scheduled to begin construction in August 2026. Completion is targeted for the third quarter of 2027.
Gateway 1960 is being developed without a disclosed tenant commitment for the planned buildings. The project’s leasing activity will therefore take place as construction advances toward delivery.
North Houston Commerce Park Adds New Development Capacity
Gateway 1960 will occupy more than 33 acres at 3750 FM 1960 Road E. within the 189-acre North Houston Commerce Park.
The site is approximately three miles from Interstate 69 and within seven miles of George Bush Intercontinental Airport. The location places the project near major road and air transportation infrastructure serving the Houston area.
Partners Real Estate is developing North Houston Commerce Park and will provide marketing and leasing services for Gateway 1960.
Another developer is also planning industrial construction within the commerce park. Adkisson Group plans to build 11 warehouses ranging from 25,000 square feet to 150,000 square feet, with construction also expected to begin in August.
Gateway 1960 will add three substantially larger facilities to the same master-planned development. Its largest building alone will contain more than 440,000 square feet.
The North Houston site is also near another recently completed industrial project. Triten Real Estate Partners brought the 400,000-square-foot Kenswick at 1960 distribution center online in May in Humble, Texas.
The concentration of projects places Gateway 1960 among several industrial developments serving the North Houston area.
Gateway 1960 Targets Third-Quarter 2027 Completion
Construction on Gateway 1960 is scheduled to begin in August 2026, with the three-building campus expected to be completed in the third quarter of 2027.
The construction schedule covers the cross-dock, front-load and rear-load facilities. The 440,323-square-foot cross-dock building will be the largest structure on the site.
The front-load warehouse will contain 157,723 square feet, while the rear-load building will contain 116,293 square feet.
Angler Construction will serve as general contractor. Powers Brown Architecture will handle architectural services, and Langan will provide civil engineering services.
The project has reported development costs of $24.3 million. Its speculative status means the buildings are being constructed without a disclosed tenant commitment.
Gateway 1960 is scheduled for delivery more than a year after construction begins. The project’s eventual leasing activity will determine how the new warehouse space is absorbed after completion.
Houston Industrial Deliveries Show Limited Preleasing
Photo Credit: Unsplash.com
Houston’s industrial construction pipeline includes speculative projects even as a relatively small share of recent deliveries had tenants committed before completion. Only 10.8% of the market’s industrial deliveries in the second quarter were released, according to the cited Lee & Associates report.
The figure measures the portion of industrial space delivered during the quarter that already had leasing commitments. It does not represent the leasing status of Gateway 1960, which is not scheduled for completion until 2027.
The Portman project will therefore add speculative warehouse space to a market where most second-quarter industrial deliveries were not released.
Triten Real Estate Partners’ 400,000-square-foot Kenswick at 1960 distribution center also entered the North Houston area in May. The two-building project is near George Bush Intercontinental Airport and approximately five miles from the planned Gateway 1960 campus.
The projects represent different stages of industrial development in the same broader area. Kenswick at 1960 has already been delivered, while Gateway 1960 remains under development with completion scheduled for the third quarter of 2027.
The planned Portman campus will add 714,233 square feet across three facilities. Its largest building will provide more than 440,000 square feet, with two additional warehouses providing smaller industrial footprints.
A separate Southeast-focused logistics portfolio recently added 2.4 million square feet of industrial properties across several distribution corridors, providing another example of commercial real estate activity centered on transportation and warehouse facilities.Â
Frequently Asked Questions
What is Gateway 1960 in Houston?
Gateway 1960 is a 714,233-square-foot speculative industrial campus being developed by Portman in Houston. The project will contain three warehouse facilities within North Houston Commerce Park.
How large is Portman’s new Houston industrial campus?
The planned campus covers 714,233 square feet. Its largest facility will have 440,323 square feet, while the other two warehouses are planned at 157,723 square feet and 116,293 square feet.
When will Gateway 1960 be completed?
Construction is scheduled to begin in August 2026. Completion is targeted for the third quarter of 2027.
Where is the Gateway 1960 industrial project located?
Gateway 1960 will be built on more than 33 acres at 3750 FM 1960 Road E. within the 189-acre North Houston Commerce Park. The site is about three miles from Interstate 69 and within seven miles of George Bush Intercontinental Airport.
How much of Houston’s recent industrial deliveries were preleased?
According to the cited Lee & Associates report, 10.8% of Houston’s industrial deliveries in the second quarter were preleased. The figure applies to deliveries during that quarter and does not establish a leasing rate for Gateway 1960.
