ACMI Properties Announces Next Phase of Exploration Park Development
Deal News | Jun 05, 2025 | Griffin Partners Inc
ACMI Properties, a developer known for its focus on aerospace and defense infrastructures, has taken significant strides in advancing its 207-acre Exploration Park on the NASA Johnson Space Center site in Houston, Texas. Partnering with Griffin Partners, a Houston-based real estate investment firm, ACMI has also enlisted leading hands in design and engineering: Gensler and Walter P Moore, respectively. The development aims to bolster the United States' strategic goals of lunar, Martian, and orbital missions by providing cutting-edge facilities fostering innovation and development of critical technologies. Exploration Park is expected to house over 1.5 million square feet of aerospace and advanced manufacturing facilities, and groundbreaking on its first phase is slated for late 2025. The development represents a landmark commercial venture supporting national ambitions in space exploration as well as the growth of Houston as a hub for aerospace innovation.
Sectors
- Aerospace
- Real Estate Investment and Development
- Advanced Manufacturing
Geography
- United States – The Exploration Park project is based at NASA's Johnson Space Center in Houston, Texas, focusing on advancements that will aid U.S. space exploration missions.
- Houston, Texas – Specific location of the project, emphasizing Houston's role as an emerging hub for aerospace innovation.
Industry
- Aerospace – The article revolves around the development of facilities that will support aerospace innovations and space exploration technologies.
- Real Estate Investment and Development – Griffin Partners' involvement as a strategic partner highlights the real estate investment and development aspect of the project.
- Advanced Manufacturing – Facilities at Exploration Park are intended to support advanced manufacturing processes critical to space exploration.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ACMI Properties | Target Company | Company | ACMI Properties is leading the development of Exploration Park, focusing on mission-critical aerospace and defense facilities. |
| Griffin Partners | Co-Development Partner | Company | A Houston-based real estate investment firm with expertise in industrial and office project development. |
| Gensler | Design Firm | Company | Gensler is an architecture and design firm providing strategic design services for the project. |
| Walter P Moore | Civil Engineering Firm | Company | Engineering and consulting firm providing civil engineering services for Exploration Park. |
| NASA | Hosting Site | Government | The park is being developed on NASA's Johnson Space Center grounds. |