J.P. Morgan Asset Management and Freehill form joint venture to invest in Houston manufacturing industrial facilities

Type: Partnership · Technology: Industrial · Country: United States · Announced: 2026-06-16

J.P. Morgan Asset Management and Freehill launched a joint venture to acquire and modernize manufacturing-oriented industrial facilities in Houston, with J.P. Morgan holding a 95% stake and Freehill holding 5%. The venture targets properties with specialized infrastructure such as higher power capacity, strong truck access, crane-ready functionality, and outdoor storage to support tenant growth. The partnership completed its first transaction with the acquisition of a 30,000-square-foot crane-ready manufacturing facility at 18401 Intercontinental Crossing Drive in North Houston, featuring a 20-ton crane-ready configuration, 480-volt/800-amp electrical service, and mixed loading docks. Chad Tredway, global head of real estate at J.P. Morgan Asset Management, highlighted the venture's alignment with U.S. reshoring activity and AI/data-center infrastructure demand. Preston Meyer, portfolio manager at J.P. Morgan, emphasized the scarcity of specialized industrial properties and the difficulty in accessing such opportunities at scale. Adam Hawkins, president of Freehill Capital Partners, noted the capital partner's shared conviction in the niche industrial market segment.

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