HOUSTON – May 20, 2025 – Arden Logistics Parks (ALP), the national logistics real estate operating platform of Arden Group, has reaffirmed its long-term commitment to North Park 34 in North Houston with a significant capital reinvestment following a successful refinance. The $8 million allocation is funding a comprehensive improvement initiative across the 865,000-square-foot, 34-building industrial park to enhance tenant experience and drive continued leasing success.
Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, serves as the exclusive leasing team for North Park 34. Vice President Abraham Richardson, Senior Associate Meg Zschappel, and Associate Zach Young lead the leasing efforts on behalf of ALP.
Since acquiring the park in late 2021, ALP has transformed North Park 34 into a modern industrial campus designed to meet the evolving needs of today’s users. Extensive upgrades have been completed across the park, including full exterior repainting of all buildings, energy-efficient LED lighting enhancements, and the installation of drought-tolerant landscaping to reduce environmental impact. Additionally, 30 vacant suites have undergone full interior renovations, and ongoing make-ready work has ensured that available spaces are delivered in turnkey condition for immediate occupancy. So far in 2025, ALP has completed 24,442 square feet of delivered make-ready projects, with an additional 71,319 square feet of pending projects scheduled for completion this year.
As a result of the improvements, North Park 34 has executed 48 leases totaling nearly 252,000 square feet over the past 12 months. The repositioning efforts have translated into a 90% tenant retention rate, demonstrating the value of ALP’s investment in the park’s physical condition and tenant experience.
“Repositioning North Park 34 has been a strategic priority, and we’re thrilled to see the market respond so positively,” said Robert Timmons, Managing Director of Asset Management for ALP. “This park is now a standout option for industrial users in North Houston who want quality, flexibility, and convenience. With our recent refinance, we’re well-positioned to reinvest further—whether through CapEx initiatives or strategic deal structuring—to maintain this momentum.”
North Park 34, located near the intersection of Beltway 8 and the Hardy Toll Road, offers immediate access to Interstate 45, Interstate 69, and George Bush Intercontinental Airport. The park provides a wide variety of suite sizes, ranging from 1,500 to 40,000 square feet, and features grade-level, semi-dock, and dock-high loading options. With ample surface parking, on-site property management, and a refreshed visual identity, the property continues to attract high-quality industrial users seeking move-in-ready space in a core infill location.
“North Park 34 has truly evolved into a modern industrial campus with flexible configurations, strong ownership, and a thoughtful amenity package,” said Richardson. “The investment ALP has made is evident—and the leasing activity reflects that.”
ALP intends to continue investing in the park with further suite upgrades, building systems enhancements, and tenant-focused offerings that support long-term occupancy and growth.
For more information, contact Stream Houston at 713.300.0300.
About Arden Logistics Parks
Established by Arden Group as a leading logistics real estate operating platform, Arden Logistics Parks specializes in the acquisition, improvement, and property management of light industrial business parks. The real estate investment business operates a geographically diverse portfolio of last-mile facilities in highly sought-after urban infill locations. For more information, please visit www.ardenlogisticsparks.com. For information about North Park 34, visit www.NorthPark34.com.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,550 professionals and now completes annual transactions valued at more than $8.9 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
