Lincoln JV Lands Data Center Construction Tenant in Houston

Lincoln Property Co. and HIMCO have secured a full-building lease at their 435,680-square-foot warehouse in Houston. Data center construction company Modular Power Solutions will occupy the property, with Stream Realty Partners spearheading negotiations on its behalf. An in-house team represented Lincoln.

Maverick Distribution Center came online last year. Lincoln financed the construction with a $28.5 million loan issued by Texas Exchange Bank in 2023.

Located on 26 acres at 18239 Aldine Westfield Road, the warehouse is approximately 19 miles north of downtown Houston, adjacent to the George Bush Intercontinental Airport. Nearby major transportation routes include interstates 45 and 69.

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Maverick Distribution Center has 40-foot clear heights, a feature which, according to Lincoln, is not found in any other warehouse in the North Houston submarket. The cross-dock facility also provides 4,000 amps of power and 70-foot speed bays, as well as 185-foot truck courts.

Stream Realty Partners Senior Vice President Mac Hall and Managing Director Tyler Maner, together with Vice President Abraham Richardson, brokered the lease agreement on behalf of Modular Power Solutions. Lincoln Property Co. Executive Vice President Kevin Wyatt and Leasing Representative Robert Willard negotiated on the owner’s behalf.

Data center demand also drives industrial leasing

Modular Power Solutions is a subsidiary of Rosendin Holdings, a firm that recently revamped its executive structure, transitioning to a co-president model as it looks to capitalize on growing data center demand.

The company also leases 304,565 square feet at the M-75 Distribution Center in the Metroplex. Late last year, Longpoint Realty Partners and Outrigger Industrial sold that fully leased warehouse to Goldman Sachs Asset Management, Yardi Matrix shows.

Big-box assets drove Houston industrial demand in 2025

Industrial tenant demand was solid throughout metro Houston, with leasing activity up 2.1 percent year-over-year to 33.1 million square feet in 2025, according to a Cushman & Wakefield report. However, the total transaction count dropped 26.2 percent annually, suggesting companies sought larger spaces instead of shallow-bay warehouses last year.

Industrial deliveries clocked in at 16.8 million square feet in 2025, up from 16.4 million square feet the year before, the same source shows. Consistent stock expansion led to a 40-basis-point year-over-year increase in vacancy, which stood at 6.0 percent in December. However, the average rent also went up 4.7 percent year-over-year, to $7.78 per square foot.