PHASE I OF LAKEVIEW BUSINESS PARK BEGINS

MISSOURI CITY, TEXAS — Construction had begun for Phase I of Lakeview Business Park, a 168-acre industrial park located in Missouri City. Phase I construction will consist of three buildings totaling 240,000 square feet; the buildings will range in size from 38,000 to 153,000 square feet. Each will feature 24- to 30-foot clear ceiling heights, ESFR sprinkler systems and concrete tiltwall construction. The project will also be applying for LEED certification. Upon full build-out, Lakeview Business Park will include approximately 2.5 million square feet of light industrial space. Phase I is scheduled for completion in February 2009. The project is being developed by a joint venture involving Dallas-based Trammell Crow Co. and its affiliate Crow Holdings. CB Richard Ellis is serving as exclusive listing agent for the industrial park.