The Sugar Land Business Park is expanding with the addition of a new 320,000-square-foot industrial development, according to a press release from the city of Sugar Land.

The project will redevelop the former National Oilwell Varco site at 500 Industrial Blvd., Sugar Land. The site was purchased by Lovett Industrial LLC in 2019 and was targeted for redevelopment.

Construction is set to begin in November and be substantially completed in late 2021, Sugar Land Communications Director Doug Adolph said.

"We are thrilled that the city of Sugar Land's industrial sector continues to expand with the creation of new industrial space in the business park," said Elizabeth Huff, Sugar Land’s director of economic development, in the release. "Newly developed industrial spaces create opportunities for existing businesses to expand and attract new businesses to our city.”

The first tenant in the new development will be Boise Cascade Building Materials Distribution LLC—an existing Sugar Land business that manufactures wood products and distributes building materials. According to the release, Boise Cascade will lease approximately 163,320 square feet of space and create more than 60 jobs with this expansion.

"We are excited to partner with the city of Sugar Land and Fort Bend County to redevelop an outstanding location in the Sugar Land Business Park and pleased that this redevelopment has resulted in an expansion opportunity for our first tenant, Boise Cascade," Lovett Industrial President Charlie Meyer said in the release.

The Sugar Land Office of Economic Development works to expand, construct and relocate businesses in the city to maintain a strong local economy, according to the release. Furthermore, Fort Bend County has incentivized the project to support industrial development in the area.

"This new development further solidifies our position as a financial leader and economic powerhouse," Huff said in the release. "We look forward to continuing to support Boise Cascade's growth in Sugar Land and are excited for new opportunities that this development will bring."