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28-Acre, 365,000-SF Business Park Under Way

HOUSTON-Vantage Cos. has kicked off one of the first brand-new business parks in the market. The 28-acre, 365,000-sf development fronts Beltway 8, the bulk of which had been formerly owned by Houston industrialist William K. Bondeson.

By Jennifer Brenner Andrade | Updated on April 16, 2001

HOUSTON-Dirt’s flying on the 28-acre, 365,000-sf multi-use Bondeson Business Park that’s been named after Houston industrialist William K. Bondeson, the site’s original landowner.

The park is located at the southeast corner of Beltway 8-Sam Houston Tollway and West Little York. Vantage Cos.’ Houston Division is the developer.

Through the Kran Co., Bondeson had pioneered the manufacturing of overhead traveling cranes in Houston. He began accumulating land in 1967 after Beltway 8′s plan had been unveiled. It would be another 30 years for the land to reach its full value. He had managed to acquire about 117 acres, selling off tracts through the years. The last 36 acres had been equally divided between FedEx and Vantage. Broker Peter Tsou of Peter Tsou & Associates had orchestrated another 10.4-acre sale of Beltway frontage to give Vantage its 28-acre holding for the business park.

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