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DEER PARK, TX-Clay Development & Construction Inc. will develop Deerwood Glen Business Park on a 149-acre tract once destined for residential development. The Houston-based developer is planning to use the land for build-to-suit and design-build projects.

The acreage in the 4900 block of Texas 225 is situated between the Houston Ship Channel and Port of Houston’s Bayport Terminal. Although there is no firm groundbreaking date, the ground-up development will consist of warehouse, flex and back-office and light-industrial space. According to the street, the acreage is believed to have sold for $65,000 to $90,000 per acre.

Clay Development couldn’t be reached for comment prior to deadline. “He has a few deals lurking and one plan calls for about 80,000 sf of office product,” Joel Hill, a Houston associate for Dallas-based Henry S. Miller Commercial, confirms for GlobeSt.com, “but nothing is firmed up right now.” He and Douglas Bates, senior vice president for Henry S. Miller, represented Clay Development in the land deal.

A local homebuilder had planned to use the land for the third phase of Deerwood Glen. Hill says the builder decided to put the land on the market rather than building more homes as demand slowed in single-family housing sector.

Hill says the land buy is a good one for a developer like Clay Development because there is a lack of its preferred product in the immediate area. He adds the area will generate demand as business picks up at Bayport Terminal. “Highway 225 has become a great thoroughfare for industrial property going up in the area,” Hill says. “I think Robert [Clay] saw an opportunity for office buildings and light industrial that aren’t there.”

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