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EastGroup Properties Building $9.3-Mil, 186,700-SF Project

HOUSTON-Three more buildings, totaling 186,700 sf, are coming out of the ground at World Houston International Business Center. The EastGroup project is 83% pre-leased so now it's time to start digging. Another three buildings are on the drawing board.

By Jennifer Brenner Andrade | Updated on October 03, 2001

HOUSTON-EastGroup Properties of Jackson, MS has three industrial buildings 83% pre-leased, a milestone marking the construction start of a 186,700-sf undertaking in the World Houston International Business Center near the main entrance to George Bush Intercontinental Airport in Houston. The project will cost about $9.3 million.

World Houston 12 has been designed with 58,900 sf; World Houston 13, 50,400 sf; and World Houston 14, 77,400 sf. David H. Hoster, II, president and CEO of the REIT tells GlobeSt.com that the development is in keeping with EastGroup’s strategy to cluster assets around major transportation hubs. Key to the development of World Houston has been its proximity to the airport and Beltway 8.

EastGroup has been a Houston property owner since the 1970s, selecting the city for its first industrial investment in 1994. EastGroup currently has two million sf in completed properties in Houston and another 350,000 sf under development.

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