HOUSTON, TX — Houston-based real estate firm Pagewood is harnessing the power of artificial intelligence (AI) to drive its next big investment — a 32-acre industrial development called Mosielee Commerce Park. The project will feature two speculative warehouses totaling 429,698 square feet and will be located along State Highway 249 inside Beltway 8. Construction is expected to be completed by Fall 2025.
This marks Pagewood’s second foray into the industrial sector. According to Mat Volz, the firm’s managing principal, demand for Class A industrial warehouse space within Beltway 8 remains strong, particularly for properties between 50,000 and 300,000 square feet.
“We continue to see strong demand for industrial class A warehouse space in the range of 50,000 to 300,000 square feet within Beltway 8,” Volz said in a statement.
What sets this project apart is the method Pagewood used to identify the site. The company relied on a proprietary AI algorithm called The Lighthouse, which tracks and analyzes thousands of commercial properties across the Houston area. The tool assesses growth potential based on multiple data points, allowing Pagewood to make data-driven investment decisions.
Pagewood founder Paul Coonrod has described The Lighthouse as the “Moneyball for real estate,” referencing the 2011 baseball film that popularized the use of statistical analysis to make strategic decisions.
“With our Lighthouse proprietary technology, we continually assess viable areas for more development and are confident Mosielee Commerce Park will deliver in-demand industrial space positioned at a highly accessible corridor,” Volz added.
This development follows Pagewood’s successful sale of a 500,840-square-foot industrial project earlier this year, which was leased to Japanese air conditioning manufacturer Daikin Industries Ltd. The property sold just three months after the lease agreement was finalized.
Daikin, a growing presence in Houston’s business landscape, recently announced a high-profile naming rights deal for the Houston Astros’ stadium. The venue, currently known as Minute Maid Park, is expected to be renamed in January 2025, ending a 22-year era of “The Juice Box” nickname.
With Mosielee Commerce Park, Pagewood is betting on Houston’s continued demand for modern warehouse space, and its AI-driven strategy could signal a broader shift in how real estate decisions are made.
