New York, NY, June 18, 2026 — Institutional investors advised by J.P. Morgan Asset Management and Freehill, a vertically integrated industrial real estate investment firm, today announced a new joint venture focused on acquiring manufacturing-oriented industrial facilities. J.P. Morgan Asset Management holds a 95% interest in the venture, and Freehill holds 5%. The joint venture will target industrial properties that support manufacturing and logistics operations across Houston, a market supported by a large manufacturing base and access to the Port of Houston.
The new partnership plans to invest in facilities with specialized infrastructure tailored to tenant needs, including higher power capacity, strong truck access, crane-ready functionality, and outdoor storage. Through the maintenance and modernization of these specialized buildings, the joint venture will aim to help sustain long-term economic activity in the region by providing tenants with the capabilities they need to grow.
“Manufacturing-oriented industrial real estate is well positioned for sustained growth, benefiting from increasing U.S. reshoring activity and increased investment demand tied to AI and data-center infrastructure,” said Chad Tredway, Global Head of Real Estate, J.P. Morgan Asset Management. “With limited new supply and tenant needs increasingly centered on specialized features, we look forward to identifying opportunities for our investors in a segment that can be difficult to access at scale.”
Preston Meyer, Portfolio Manager at J.P. Morgan Asset Management, added: “This partnership provides an opportunity to create value for our clients and local communities by investing in manufacturing facilities that are essential to day-to-day industrial operations in Houston and the region.
The joint venture completed its first transaction with the acquisition of a 30,000-square-foot crane-ready, manufacturing facility located at 18401 Intercontinental Crossing Drive in North Houston. The property sits on approximately 2.30 acres and includes a 20-ton crane-ready configuration, 480-volt/800-amp electrical service, a drive-through bay, and a mixture of grade-level and dock-high loading.
“We’re excited to have found a capital partner who shared our conviction in this uniquely positioned niche of the industrial market that provides us the capital base and institutional backing to move decisively on what we believe is one of the most compelling opportunities in industrial real estate today,” said Adam Hawkins, President of Freehill Capital Partners.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $4.3 trillion (as of 3/31/2026), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity (as of 3/31/2026). The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Freehill
Freehill is a vertically integrated industrial real estate firm focused on the acquisition, development, and management of light industrial, distribution, and manufacturing assets across Texas. Freehill has executed nearly $500 million in transactions throughout Texas through numerous investment and development vehicles. For more information, visit www.freehillco.com.
