Burton Construction Breaks Ground on 25-Acre Business Park
- Jul 19, 2017
Burton Construction has broken ground on Lockwood Business Park, a flex-industrial/office complex that will occupy 25 acres fronting Lockwood Road in the northeast Harris County region of Houston, Texas. Construction is slated for completion in early 2018.
The asset, located at 13300 Lockwood Drive, is part of the 4,000-acre, master-planned commercial development Generation Park, owned by McCord Development, where energy equipment producer GHX Industrial LLC signed a 143,500-square-foot lease, becoming the anchor tenant. The park is situated opposite TechnipFMC’s new campus, with multiple entrances and exits on four-lane Lockwood Drive.
The project is part of a Foreign Trade Zone created by Harris County that grants businesses savings up to 100 percent on duty and 65 percent on inventory tax for qualified goods.
Incentivized by the completion of San Houston Tollway and the US 99/Grand Parkway’s Interstate 45-to-US 59 segment, plenty of the new development in the northeast area is occurring in and around the Lake Houston community. Demographic studies reveal that more than 40,000 new residents will move to the Lake Houston area by 2025.
“The rapid growth of northeast Harris County and developments like Generation Park are making the area an appealing new destination for families and organizations,” Juan Ospina, vice president of Burton Construction, said in a prepared statement. “Lockwood Business Park will provide valuable industrial and office space for the growing Lake Houston economy.”
Image courtesy of Generation Park