HOUSTON – (Realty News Report) – Provident Industrial, a division of Dallas-based Provident, announced plans to develop Wayside Distribution Center in a joint venture with Inclenberg Investments. The project adds to the strength of a growing industrial market along southern Beltway 8.
The 157,300-SF facility will be built on 10.25 acres at 5932 Schurmier Road in Houston’s South submarket. The site is a few blocks north of the Sam Houston Tollway/Beltway 8, off South Wayside Drive.
Designed for modern logistics and distribution users, the project will feature a front-load configuration and 32-foot clear heights. Christen Vestal and Zane Warren are leading the development for Provident.
“The site is strategically positioned within Houston’s core logistics network and purpose-built for today’s distribution and logistics operators. Wayside offers immediate access to labor, transportation corridors, and major commercial hubs. Its strategic size and location also position it as an ideal owner-user opportunity,” said Christen Vestal, Director of Provident Industrial’s Houston Office. Vestal and Analyst Zane Warren are leading the development for Provident.
Located near major transportation corridors, the property is six miles from Hobby Airport, 17 miles from downtown Houston, and 32 miles from the Port of Houston.
It adds to many industrial buildings that have been constructed and leased along Beltway 8 near Highway 288 in recent years. Occupants at various projects include Amazon, Penske Logistics, Memorial Hermann, Target, Yokohama, and Daikin Comfort.
The South submarket, situated between Highway 288 and Interstate 45, has grown from 29 million SF in 2021 to nearly 35 million SF today, according to CBRE. It has one of the lowest vacancy rates in the Houston area at 4.5% compared to 7.4% for the overall region.
Houston, one of the nation’s strongest industrial markets, registered one of the best quarters for industrial leasing in nearly two years in the third quarter with activity totaling 9.4 million SF across 51 leases greater than 50,000 SF, according to CBRE. The annual total is on track to outpace 2024’s activity.
Inclenberg Investments, a private real estate investment firm with offices in Florida and Texas, was founded by David Gochman in 2012 following the Gochman family’s sale of Academy Sports & Outdoors to private equity firm KKR. The firm has developed industrial, office, student housing, and medical projects across 25 states.
Founded by Leon Backes in 1991, Provident has developed or invested in over $6 billion in real estate projects nationwide. In Houston, the company redeveloped downtown’s historic Texaco building into The Star apartments and sold the project this year. Provident has more than 8.2 million SF of industrial product under construction or in pre-development across Texas, Arizona, and the Carolinas.
Dec. 20, 2025 Realty News Report Copyright 2025
Image: Courtesy Provident
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File. JV Breaks Ground on Houston Industrial Project Provident, JV Breaks Ground on Houston Industrial Project, Inclenberg Investments of Florida