Lincoln Property to Redevelop Greenspoint Mall Into $150M Industrial Park

Lincoln Property Company has acquired all parcels comprising the 80-acre Greenspoint Mall site at 555 Seminar Drive in north Houston and will redevelop it into a 1.2 million-square-foot industrial park, the company announced. The $150 million project, named CityNorth Industrial Park, will include rear-load and cross-dock warehouses plus retail and service space. Demolition is expected to begin in October 2026, with the first phase completed in the first quarter of 2028. Lincoln estimates the development will create 1,200 permanent full-time jobs. The site sits in a market where industrial vacancy in the North Houston District was 5 percent in the second quarter of 2026, compared with nearly 50 percent for office space. Tenant Fitness Connection will remain in a 45,500-square-foot build-to-suit facility. Dallas-based Lincoln also owns the adjacent six-building City North office complex.