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Apr. 1, 2013

CNC Manufacturing Buys Lakeview Business Park Land for New Facility

By Georgiana Mihaila, Associate Editor

Lakeview business Park Following the recent purchase of a 7.6-acre development site within the Lakeview Business Park in Missouri City, Texas, CNC Manufacturing has hired Trammell Crow Co. to oversee the development of a new facility.

A 75,000-square-foot warehouse and industrial facility will rise on the newly purchased site at 911 Buffalo Run. As the CNC Manufacturing facility will be part of Lakeview Business Park—a 157-acre master-planned development owned by Trammell Crow and a private real estate fund advised by Crow Holdings Capital Partners L.L.C.—electing Trammell Crow to manage the development of the new facility was a natural choice.

“We are pleased CNC Manufacturing has chosen to relocate to Lakeview Business Park. They will build an attractive, high-quality building designed by Powers Brown Architecture that will be a great addition to the park,” said Jeremy Garner, senior vice president of Trammell Crow’s Houston business unit.

CNC Manufacturing, seeking to relocate from its current 40,000-square-foot Jessamine Street location in Houston due to expansion needs, currently employs 62 people. The company also plans to develop an additional 35,000 square feet within the first three years of occupancy, opening up the opportunity to hire another 45 employees.

CNC Manufacturing was represented in the land transaction by Studley’s Drew Morris and Holden Rushing, while Alexander Reilly and Bo Pettit with Boyd Commercial/CORFAC represented seller Lakeview BP Land LP.

Located near the Sam Houston Parkway, U.S. Highway 90-A and the Fort Bend Parkway, Lakeview Business Park offers a master-planned business park environment with opportunities for build-to-suit facilities and land parcels for sale. This transaction marks the eighth property sale within the park.

Image courtesy of http://www.lakeviewbp.com/