Target to Open 1.4MM SF Distribution Facility at Generation Park
Target to Open 1.4MM SF Distribution Facility at Generation Park
McCord sells 145 acres in Urban Fulfillment Corridor to Panattoni Development
Houston, TX – (April 12, 2023) – Construction is underway on a massive 1.4 million square foot Target distribution center in Generation Park, a 4,300-acre commercial development in the Lake Houston area of northeast Houston owned by McCord Development. Panattoni Development, one of the world’s largest privately held, full-service real estate development companies, acquired 145-acres of land from McCord in 2022 and is developing the 1.4 million square foot project that is scheduled for completion in 2024.
“Target is a great addition to our Urban Fulfillment Corridor at Generation Park and brings our fulfillment and distribution footprint to over 7 million square feet” said Ryan McCord, President of McCord Development. “Target selecting Generation Park alongside the likes of IKEA, Broadrange Logistics, and Centris Industrial, further strengths our position as one of Houston’s core logistics hub.”
Generation Park’s Urban Fulfillment Corridor (UFC) provides companies with strategic infill locations for distribution and fulfillment centers minutes from the center of Houston’s population, the IAH international airport, and the Port of Houston and can accommodate single building footprints in excess of 2 million square feet.
Target is the most recent company making the logistics move to the Lake Houston area joining Chewy, IKEA, Broadrange Logistics, Metro Furniture, Amazon, and Living Spaces among others.
About Generation Park
Generation Park, one of the world’s largest privately held commercial developments, is a master-planned business and lifestyle destination in Houston, Texas. Over a quarter the size of Manhattan and with convenient access to all major land, air and sea transportation corridors in Houston, Generation Park is driving the expansion of one of Houston fastest growing economic and residential centers, Lake Houston. Generation Park’s flagship entertainment and lifestyle destination, Redemption Square, is home to a growing collection of curated retailers, restaurants, and many future developments. For more information, please visit generationpark.com.
About McCord Development
McCord is a Houston-based opportunistic real estate company with a longstanding track record of creating substantial value through the acquisition, development, and management of office, industrial, land, single family, and multifamily assets. McCord is the developer of Generation Park, a 4,300-acre master planned commercial district and houses campuses for San Jacinto College and Lone Star College. McCord is focused on developing Houston’s biomanufacturing cluster at Generation Park given its strategic location between the Port of Houston and Bush International Airport, proximity to the Texas Medical Center, curated mixed use environment and ample land for expansion. Since 1973, McCord has acquired or developed over $2 billion in successful projects across the United States. To learn more, visit www.mccord.com.