Portman closes on land and financing for Gateway 1960 in Houston

Portman has closed on the land and construction financing for Gateway 1960 in Houston, clearing the way for development to begin this month. The project is a three-building, Class-A industrial park totaling 714,233 square feet, with delivery targeted for Q3 2027. Gateway 1960 includes a 440,323-square-foot cross-dock building, a 157,723-square-foot front-load building, and a 116,293-square-foot rear-load building. Each structure is designed for flexibility, offering divisible layouts and spec office space, along with LED lighting and dock-high loading with levelers for immediate occupancy. The site is near George Bush Intercontinental Airport and provides access to Interstate 45 and the broader Houston region. Angler Construction is general contractor, Powers Brown Architecture is architect, and Langan serves as civil engineer.