HOUSTON--Trammell Crow Co. and partner Artis REIT have acquired two land tracts totaling 127 acres in Missouri City and plan to develop a class A industrial business park called Park 8Ninety.

“Similar to Lakeview Business Park, we expect Park 8Ninety to be an appealing option for companies in the food and energy industries,” Jeremy Garner, principal with Trammell Crow Co.'s Houston business unit, told GlobeSt.com. “We also hope to attract bioscience and health care-related companies due to the direct connection Highway 90A provides between Park 8Ninety and the Texas Medical Center.”

The complex will include 1.75 million square feet of build-to-suit or speculative office/warehouse, distribution and manufacturing space. Construction on the first phase of Park 8Ninety, which will include three buildings totaling over 330,000 square feet of industrial space, is expected to begin this summer, with completion scheduled for next spring.

“This is an incredible opportunity for Artis REIT and Trammell Crow Co. to develop a new generation, class A industrial park in Houston's thriving southwest industrial submarket,” says Armin Martens, president and CEO of Artis REIT. “We are optimistic about the growth potential, both in Fort Bend County and in the Houston area, and are excited about this opportunity to partner with Trammell Crow Co. and increase our presence in Texas and in the United States.”

The property is located at the south corner of U.S. Highway 90A and Beltway 8 (Sam Houston Parkway), approximately 20 minutes southwest of downtown Houston.

“Frontage on Beltway 8 and Highway 90A, and the opportunity to develop another large, multi-phase business park in Missouri City, attracted us to this site,” says Garner. “We are pleased to partner with Artis to deliver another state-of-the art industrial park to the area.”

Ellis Management, represented by Barney Van Huss, was the seller of a 75-acre parcel, and a local investment group represented by Ron Dagley with The Betz Cos. was the seller of an adjacent 52-acre parcel.

Bo Pettit and Alexander Reilly with Boyd Commercial LLC/CORFAC International represented Trammell Crow and Artis REIT in the acquisition. Pettit and Reilly will also be responsible for marketing Park 8Ninety.