HOUSTON--(BUSINESS WIRE)--Jan 30, 2026--
Lovett Industrial, a Houston-based real estate investment firm, in partnership with PCCP, LLC, a national commercial real estate investment firm, is excited to announce the recent groundbreaking of SouthPort 45, a Class A three-building industrial business park being developed on 82.09 acres at 13400 & 13500 Scarsdale Blvd in Houston, Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260130450717/en/
Located in Southeast Houston, SouthPort 45 offers immediate access to Beltway 8 and I-45 and sits less than 15 miles from the Port of Houston, Hobby Airport, and Downtown Houston. The business park is uniquely positioned to provide tenants with direct access to a robust and skilled workforce and Houston’s most critical logistics infrastructure, while providing users direct access to the Houston MSA. With limited high-quality product available in this submarket, SouthPort 45 is well-positioned to serve a diverse range of users seeking to serve their clients and customers in Houston, the state of Texas, and beyond.
SouthPort 45 will deliver 668,077 square feet of logistics product across three Class A buildings, including a 395,657-square-foot cross-dock facility, a 176,452 square foot front load facility, and a 95,968 square foot front load facility. Each building will be delivered in “move in ready” condition with a 2,500 square foot office, dock levelers, and warehouse lights. The project is designed with 32’–36’ clear heights, modern dock-high loading, and ample interior circulation within the business park. With construction underway, the project will be completed in the third quarter of 2026.
“Southeast Houston continues to experience strong demand from users seeking well-located Class A product, and SouthPort 45 is designed to meet that need at scale,” said Nathan Benjaminov, Central & South Texas, Market Lead at Lovett Industrial. “The project’s exceptional connectivity, deep labor pool, and varied building configurations and sizes will attract a wide range of tenants. We’re excited to deliver a project that will support the continued growth of this dynamic submarket.”
Marketing and leasing efforts for SouthPort 45 will be led by Richard Quarles, Joseph Berwick, and Mark Nicholas of JLL. Construction financing is being provided by Southside Bank and American National Bank of Texas. Harvey Cleary is serving as the General Contractor, Powers Brown Architecture as the lead architect, and ALJ-Lindsey as the project’s civil engineer.
SouthPort 45 marks Lovett Industrial’s 12th industrial investment in the greater Houston area. Other projects include 610 Business District Phase I & II, Interchange 249, Nexus North Logistics Park, NorthPort Logistics Park, Stafford Logistics Center, Fort Bend Business Park, 99 North Logistics Park, NOVA Logistics Park, Fairway North Logistics Park, Claymoore Business Park, and Quitman Industrial Park. Together, these projects comprise over 9.8 million square feet of completed, under-construction, or acquired industrial space across Houston.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in over 16 markets across the United States, Lovett Industrial’s portfolio comprises approximately 21.3 million square feet of completed, acquired, and under-construction warehouses and over 15 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, visit https://lovettindustrial.com/ and follow @Lovett_industrial on social media.
About PCCP
PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $27.9 billion in assets under management on behalf of institutional investors as of June 30, 2025. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 27-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $45.3 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.
SouthPort 45 Rendering
NEW YORK (AP) — Financial markets are churning on Friday as investors try to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for them.
The early reactions have been uneasy and sometimes quick to change because of the uncertainty. U.S. stocks fell modestly, with the S&P 500 down 0.2%. The Dow Jones Industrial Average was down 111 points, or 0.2%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.
The value of the U.S. dollar, meanwhile, initially sank against other currencies following Trump’s announcement before bouncing back.
The value of the U.S. dollar, meanwhile, swiveled up and down several times following Trump’s announcement before climbing. And some of the wildest action was again in precious metals markets, where the price of gold went through more cycles of tumbling sharply and retracing some of its losses.
Whoever leads the Fed has a big influence on the economy and markets worldwide by helping to dictate where the U.S. central bank moves interest rates. Such decisions lift or weigh on prices for all kinds of investments, as the Fed tries to keep the U.S. job market humming without letting inflation get out of control. Trump has been pushing for lower interest rates, which usually helps goose the economy but can also lead to higher inflation.
A fear in financial markets, one that's pushed up gold’s price and weakened the U.S. dollar’s value, is that the Fed will lose some of its independence because of Trump. The longtime assumption has been that the Fed can operate separately from the rest of Washington so that it can make decisions that are painful in the short term, such as keeping interest rates high and grinding down on the economy, to fix a long-term problem, such as getting inflation back down to its goal of 2%.
Trump’s nominee, Kevin Warsh, used to be a governor on the Fed’s board, so investors are familiar with him. That could also mean Warsh is familiar with and hopes to continue the institution of the Fed as an independent operator. But Warsh has also been critical of the Fed’s current chair, Jerome Powell.
“Indeed, Warsh is not the Fed’s guy, he is Trump’s guy, and has shadowed Trump on monetary policy almost every step of the way since 2009,” according to Thierry Wizman, a strategist at Macquarie Group. “This doesn’t necessarily mean that Warsh will push the Fed into rate cuts soon,” but it could indicate he may be quicker to do so when the time comes.
On Wall Street, stocks of metals miners tumbled as the price of gold sank 6% to $5,033.00 per ounce. Gold's momentum has suddenly run out following a tremendous rise where its price roughly doubled over 12 months. It topped $5,000 for the first time on Monday and got near $5,600 on Thursday.
Silver, which has been on a similar, jaw-dropping tear, fell even more. It dropped nearly 14%.
Prices for gold and other precious metals had been surging as investors looked for safer investments while weighing a wide range of risks, including a potentially less independent Fed, a U.S. stock market that critics say is expensive, political instability, threats of tariffs and heavy debt loads for governments worldwide.
Friday's drops for metals prices helped send the stock of miner Newmont down 5.8%. Freeport-McMoRan, another miner, dropped 5.8%.
Helping to limit the market's losses were Tesla, which rose 3.5%, and Microsoft, which added 0.7%. They both bounced back after dropping on Thursday despite delivering better profit reports for the latest quarter than analysts expected.
Apple swung from an early loss to inch up by 0.1% after the iPhone maker reported a stronger profit for the latest quarter than analysts expected.
In the bond market, the yield on the 10-year Treasury held at 4.24%. That's where it was late Thursday, but in the overnight and early-morning hours, it climbed near 4.28% before falling back.
A rise in a bond's yield indicate that its price is weakening. Yields may have felt some upward pressure from a report released Friday morning showing U.S. inflation at the wholesale level was hotter last month than economists expected. That in turn could put additional pressure on the Fed to keep interest rates steady for a while instead of continuing to cut them, as it did late last year.
In stock markets abroad, indexes rose in much of Europe following a more mixed performance in Asia.
Stocks rose 1.2% in Jakarta after the CEO of Indonesia’s stock market, Imam Rachman, resigned Friday. Stocks there had stumbled in prior days after MSCI, an influential company in the investment industry that creates stock and other indexes, warned about market risks such as a lack of transparency.
Anthony Spina, left, works with fellow options traders on the floor of the New York Stock Exchange, Wednesday, Jan. 28, 2026. (AP Photo/Richard Drew)
A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Jan. 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 30, 2026. (AP Photo/Ahn Young-joon)
Currency traders pass by a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 30, 2026. (AP Photo/Ahn Young-joon)
A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 30, 2026. (AP Photo/Ahn Young-joon)
A man walks past an electronic board displaying stock prices and Jakarta Stock Exchange Composite Index, at the Indonesia Stock Exchange in Jakarta, Indonesia, Wednesday, Jan. 28, 2026. (AP Photo/Tatan Syuflana)
