HOUSTON – (Realty News Report) – Lovett Industrial, a national industrial real estate development firm founded by Frank Liu and former Hines executive Charlie Meyer, has completed a 1 million-square-foot Amazon warehouse and has additional projects underway.
Two projects built for the global e-commerce company total approximately 1,300,000 square feet. They include a 1,075,000-square-foot building at Lovett’s Fort Bend Business Park in Missouri City and a 220,000-square-foot facility at Lovett’s 99 North Logistics Park in Spring. Both facilities were finished on schedule, came in under budget and are leased to Amazon on long-term agreements.
Lovett Industrial is expanding quickly across the country.
In February 2020, Frank Liu—owner of Lovett Homes, InTown Homes and Lovett Commercial—formed a partnership with Charlie Meyer, a 15-year real estate industry veteran most recently with Hines, to focus on industrial real estate investments nationwide.
The developers aim to grow Lovett Industrial into a premier investor, developer and operator of logistics facilities across the United States.
In the Pipeline: 13 Million SF in Seven States
Lovett Industrial currently operates four regional offices with a team of 16 employees. The firm has nearly 6 million square feet of projects completed or under construction, and a development pipeline in design and entitlement totaling about 13 million square feet spanning seven markets.
“We are fortunate to have achieved substantial success in the short life of our company and are grateful to our tenants and project partners for their trust. We have assembled a team at Lovett capable of executing projects of any scale, coast to coast, and we continue to build momentum toward our goal of becoming a leading national industrial real estate firm in every respect,” said Meyer.
Lovett also developed NOVA Logistics Park, named in recognition of the site’s former long-time occupant, NOV. That project transformed an obsolete, vacant manufacturing facility into a Class A, 326,000-square-foot cross-dock distribution center in partnership with the City of Sugar Land. Located on 24 acres within Sugar Land Business Park, NOVA Logistics Park is currently 50 percent leased to Boise Cascade Building Materials Distribution, a national supplier serving residential and commercial construction.
Through his residential development work, Liu has shown a talent for identifying Inner Loop neighborhoods suited for new townhome construction.
Nov. 2, 2021 Realty News Report. Copyright 2021.
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File: Amazon Buildings Completed by Frank Liu Warehouse Venture
Photo courtesy Lovett Industrial. Missouri City
File: Amazon. AMZN. Lovett Commercial. Amazon Buildings Completed by Frank Liu Warehouse Venture. Charlie Meyer