The latest logistics building is part of the 98-acre CityPark Logistics Center in Missouri City, Texas
CityPark Logistics Center – Building 7, Image courtesy of Powers Brown Architecture
Logistics Property Company, LLC (LPC) announced the commencement of CityPark Logistics Center’s (CityPark) fourth building, which consists of a new Class-A, 151,200-square-foot, warehouse within the 98-acre CityPark property in Missouri City, Texas.
The build-to-suit will be delivered mid-2023 and will serve as the newest location for a Fortune 50 company. The building is being constructed to meet LEED® certification requirements.
This new logistics building is part of the greater CityPark Logistics Center, located at the corner of Beltway 8 and Highway 90 in Houston’s Southwest Industrial Submarket. The site is well positioned to serve the growing residential population and benefits from excellent interstate access.
“We are pleased to kick off a long-term relationship with an industry leader within this strategic location.” commented Mark Redlingshafer, Vice President & Senior Development Manger – South Region. “Missouri City has continued to attract large companies to its supplier base as the population growth of Fort Bend County reaches levels matched with the highest areas in the U.S..” stated Robert Wheless, Senior Vice President – South Region.
CityPark’s existing footprint is comprised of three recently completed Class-A logistics buildings, totaling 454,000-square feet. LPC is currently in the design phase of a new 215,000-square-foot building at CityPark, which is expected to begin speculative construction in 2023 and is currently being marketed for lease.
The logistics park’s final phase will accommodate approximately 600,000-square feet with direct frontage and access to Beltway 8 and is currently being marketed as a build-to-suit.
Beau Kaleel and Brooke Forrest with Cushman & Wakefield are the leasing representatives for CityPark Logistics Center.
Detailed information can be found at: CityPark Logistics Center
About Logistics Property Co.
Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties. The group is led by a diverse management team that averages more than 25 years of experience and has developed more than 55.3 million square feet of logistics buildings since 1995. LPC is headquartered in Chicago with more than 70 employees strategically located across eight offices. Its portfolio currently comprises 52 buildings across 23 million square feet in key logistics markets across North America with an estimated end value of more than $3 billion. For further information, please visit logisticspropco.com and follow @logisticspropco.