HOUSTON — (Realty News Report) – Junction Commercial Real Estate is developing an industrial distribution building near the Gulf Freeway and Beltway 8, one of a number of new projects Junction is developing in the Houston area.
The new development, called Shaver Broadway Logistics Center, will be on a 10.1-acre site located at the hard corner of N. Broadway Street and S. Shaver Street.
This acquisition is Junction’s tenth land purchase for development purposes in the last three years, as the four-and-a-half-year-old firm grows to achieve its goal of building Class-A, institutional-grade industrial distribution facilities across the nation.
“Our goal is to be a national development platform,” said Reed Vestal, CEO of Houston-based Junction, which also is specializing in construction management, investment management and commercial realty brokerage. Junction is also moving into Phoenix and other Texas markets, including Laredo on the Mexico border.
Located at the hard corner of N. Broadway Street and S. Shaver Street,, Shaver Broadway Logistics Center, will be a 157,336-SF industrial distribution building scheduled for completion in the second quarter of 2026.
Currently there is shortage of land suitable for development around the Port of Houston and some of the nearby municipalities, such as La Porte, Deer Park and Pasadena, said Vestal.
Junction acquired the site, which is located inside the city limits of Houston, from the Pasadena Independent School District. The property had been excess land adjacent to the school district’s bus barn. Reed Vestal, John Erck, and Quade Towers of Junction Commercial Real Estate represented Junction in the land purchase. Vestal, Erck, and Towers will also lead leasing and sales efforts for the new distribution building.
Ware Malcomb is the architect for the Shaver Broadway Logistics Center. Civil Engineering is by Langan and the general contractor is Angler Construction.
Houston’s Industrial Strength
Houston, with an industrial vacancy rate of 6.2%, is the leading Texas market for industrial construction with 17.8 million SF underway, including warehouse and logistics space and other commercial industrial buildings, according to a recent report from CBRE.
Sept. 9, 2025 Realty News Report Copyright 2025
Rendering image: Courtesy Junction Real Estate
THE RALPH BIVINS PROJECT PODCAST
LISTEN: THE RALPH BIVINS PROJECT with David Hightower
LISTEN: THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development
LISTEN: THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects
LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate
LISTEN: THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors
LISTEN: THE RALPH BIVINS PROJECT with Danny Rice of Colliers
LISTEN: THE RALPH BIVINS PROJECT with Trey Odom of Avera
LISTEN: THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +
LISTEN: THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings
LISTEN: THE RALPH BIVINS PROJECT with Jeff Havsy of Moody’s Analytics
LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate