Construction Begins on Lakeview Business Park Phase I

Regions Southwest | Houston
Construction Begins on Lakeview Business Park Phase I
July 15, 2008

Phase I of Lakeview Business Park, a new spec industrial development project has begun. Three buildings totaling 240,000 square feet are under construction and are expected to be completed by February 2009. The project is a joint venture of Trammell Crow Co. and Crow Holdings’ fourth real estate fund, Crow Holdings Realty Partners IV L.P. In preparation, Trammell Crow is constructing new roads and utilities within the 168-acre site located in Missouri City, Tex., just outside of Houston in Fort Bend County. The site was previously home to Willowisp Country Club, a golf course and country club that was developed in the 1950’s. The entire business park is projected to include approximately 2.5 million square feet of industrial/commercial space, built in multiple phases. Sites are currently available for sale or build-to-suit. Lakeview Business Park Buildings 1, 2 and 3 will be high-quality light industrial buildings suitable for distribution, manufacturing or similar operations. The buildings range from 38,000 to 153,000 square feet.

 
Recent Houston Headlines
286,000-SF Sale-Leaseback Deal Incorporates Houston Food Distributor's Expansion
Two years after developing its 286,000-square-foot Houston headquarters and distribution center, Glazier Foods Co. Inc. has sold the Class A property in a triple-net sale-leaseback transaction with GSL Welcome Group L.L.C.
Colliers International, PKF Capital List Houston's Historic Humble Oil Building for Sale
The historic Humble Oil Building in Houston has been listed for sale by a team that includes PKF Capital, Colliers International - Dallas, and Colliers International multi-family Houston.
37-Acre Mixed-Use Project to Open in Houston in 2009
Midway Companies recently unveiled plans for CityCentre, its 1.8-million-sq.-ft. mixed-use project in Houston featuring 650 residential units, 400,000 square feet of retail, restaurants and entertainment, a 144,000-sq.-ft. urban Life Time Athletic fitness facility and 425,000 square feet of Class A office space.
Equity Based Services Adds 2 Properties to Growing Self-Storage Portfolio
With the addition of two self-storage facilities in one of the hottest markets in the country, San Diego-based Equity Based Services Inc. (EBS) brings its portfolio of self-storage properties to 55 across 10 states, totaling more than $250 million.
HFF Closes Self-Storage, Office Sales in Texas
Holliday Fenoglio Fowler L.P. has closed two substantial deals with Texas roots, it has reported. Its Houston-based self storage group completed the sale of a 21-property self storage portfolio with facilities in Florida, Texas, Colorado, Kentucky and Ohio. And its Dallas office announced that it had finalized the sale of the Pyramids at Park Lane in that city.