By Anca Gagiuc
McCord Development, the sole owner and developer of Generation Park, announced GHX Industrial LLC as the anchor tenant of the new Lockwood Business Park, the first for-lease industrial project at Generation Park in northeast Houston. The industrial distribution company is consolidating four Houston-area facilities and their headquarters to the new industrial park.
The 4,000-acre commercial development Generation Park is located in the Lake Houston community. Lockwood Business Park encompasses 25 acres at 13300 Lockwood Road and broke ground in March 2017. GHX’s facility began construction in May and will total 143,500 square feet on 10 acres, opposite of TechnipFMC’s 173-acre campus. The asset will include 121,000 square feet of warehouse and shop space and 22,500 square feet of office space. GHX anticipates moving in to new facility by the end of 2017.
“The move to Generation Park signifies an investment in the growth and future of GHX,” Richard Harrison, president of GHX, said in prepared remarks. “This facility will enable us to continue to build upon our core competencies. The new location will significantly improve our capabilities to better serve our customers in the Houston market.”
“We are pleased to offer GHX the space and facilities to streamline and consolidate their daily operations. Their employees will also benefit with access to Generation Park’s lifestyle district Redemption Square, great schools, new and established master-planned neighborhoods and worlds of recreation in the Lake Houston community,” added Ryan McCord, president of McCord Development.
Movers and shakers
Ryan Fuselier and David Buescher with JLL represented GHX in the lease deal. Method Architecture is the architect, while Burton Construction is the contractor. Woodforest National Bank provided financing.
In addition to GHX’s facility, Lockwood Business Park has three other flex-industrial buildings currently in the pre-leasing phrase: two at 57,600 square feet and one at 44,800 square feet.
Image courtesy of Generation Park