Clay Development purchased the land along Cunningham Road,between Tanner and West Little York roads, from Cohen Landco Ltd.,a local investment group, for an undisclosed price. Land pricesrange from $2 per sf to $3 per sf. Marc Drumwright of SouthwestRealty Advisors represented Cohen Landco while Robert Clay of ClayDevelopment represented his firm.

The business park is Houston-based Clay Development's fifthproject in the northwest sector and will be the company's firstspeculative development. "Normally we would pre-sell or pre-leasethe space and not build on spec," Clay says, "but there is so muchdemand in this market."

Buildings in Cunningham Business Park will be a hybrid metalbuilding with a tilt-wall exterior, 24-foot eaves and 18-foot hookheights for cranes. Clay estimates that the buildings will sell forabout $50 per sf or lease for $6 per sf.