HOUSTON – Locally based McCord Development Inc. has purchased 201.2 acres to expand its 4,000-acre Generation Park development.
The land is near the northwest corner of E. Beltway 8 and N. Lake Houston Pkwy.
The Harris County Appraisal District valued the land at nearly $3.5 million in January.
Cresa Global Inc. represented the seller, Exelon Generation Co. LLC, an affiliate of Chicago-based Exelon Corp. Cushman & Wakefield represented McCord.
Since 2017, Generation Park has welcomed 438,000 sf of office, 490,000 sf of retail, 908,000 sf of industrial, 251 luxury apartment units, and two colleges totaling $1 billion. An additional 2.1 million sf of projects is in the works.
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