Junction and Provident Announce Eastex 59
(HUMBLE, TEXAS — MAY 2025) — Junction Commercial Real Estate, a full-service commercial real estate firm specializing in brokerage, development, construction management, and investment management, is pleased to announce the acquisition of ± 62.4844 acres in Humble, Texas. This strategic acquisition was made through an equity partnership between developer Provident Realty Advisors and Junction’s private equity division.
This marks the sixth joint venture between Junction and Provident in the past two years. Together, this partnership has partnered on over 3.25 million square feet of institutional-grade industrial developments across the United States.
The site, located along US-59/I-69 and less than 3.5 miles from George Bush Intercontinental Airport (IAH) in North Houston, is the future site of Eastex 59, a four-building Class A, 740,404-square-foot industrial distribution park. Construction is scheduled to commence immediately, with completion targeted for Q4 2026.
The Eastex 59 industrial development will feature four thoughtfully designed buildings to accommodate a diverse range of industrial users to meet the increasing demand industrial distribution space in the tight North Houston market. Specifications for each building can be found below.
| Size (SF) | Configuration | Dock Doors | Trailer Stalls | Car Parks | |
|---|---|---|---|---|---|
| Building 1 | 224,133 | Cross Dock | 92 | 73 | 191 |
| Building 2 | 148,075 | Front Load | 41 | 26 | 110 |
| Building 3 | 196,140 | Front Load | 64 | 56 | 112 |
| Building 4 | 172,056 | Front Load | 49 | 45 | 109 |
Each building has been designed featuring ESFR sprinkler systems, ample trailer storage, and over city minimum car parking ratios. The park is ideally located for tenants requiring immediate access to IAH Airport, the Port of Houston, and major regional distribution corridors.
The TEAM of experts in industrial real estate development bringing Eastex 59 to life include:
Developer: Christen Vestal, Provident
Equity Partner: Junction
Construction Management: Junction
Architect: Seeberger Architecture
Civil Engineer: Langan
Reed Vestal, SIOR, CCIM, John Erck, CCIM, and Quade Towers of Junction Commercial Real Estate represented the partnership in the land purchase, and Daniel Greco and Nathan Gaines of Clark Gaines Properties represented the seller.
What People are Saying
PR NEWS WIRE
Eastex 59 is a planned four-building industrial park located in the thriving North Houston submarket just east of George Bush Intercontinental Airport (IAH). The site totals 740,404 square feet of industrial space, offering unit sizes ranging…
CONNECT MEDIA
Provident has closed its financing for Eastex 59 and is ready to start work on the four-building industrial park east of George Bush Intercontinental Airport (IAH). The site totals 740,404 square feet of industrial space, offering unit sizes ranging from 148,000 to 224,000 square feet.
BISNOW
Provident Industrial, a division of Dallas-based Provident, closed financing for Eastex 59 in late March, with Junction Commercial Real Estate serving as the capital partner.
ABOUT JUNCTION COMMERCIAL REAL ESTATE
Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage, development, project management and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. For additional information, please visit JunctionUSA.com.
ABOUT PROVIDENT REALTY ADVISORS
Provident Realty Advisors, Inc. is a privately held real estate and investment firm that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends and challenging economic cycles. Provident seeks to provide exceptional risk-adjusted returns to its investor partners through superior development of opportunistic and value-added strategies. Since its formation in 1991, Provident has developed or invested in more than $5.5 billion worth of real estate projects across the country. For more information, please visit www.ProvidentRealty.net.