The buyer is renaming DeVry's three-story building at 11125 Equity Dr. to One Westway Center. DeVry will pare down to 60,000 sf, allowing the remaining space to move to the leasing market. In late summer, Opus plans to break ground on Two Westway Center. The spec project is slated for delivery in June 2009.
Opus Architects & Engineers will handle designs for One Westway Center and Two Westway Center, which will be submitted for LEED certification. Opus West Construction Corp. will be the general contractor.
"DeVry is currently going through renovation and reconfiguration of their space. When they're done, we'll renovate the remaining space and bring it up to class A office standards," says Todd King, senior director of real estate in Houston for Opus West. He adds that the team will attempt to prelease Two Westway although signed deals aren't a condition of construction. The space is being quoted at $16 per sf net at One Westway and $17 per sf net at Two Westway. Leasing and management are being handled in house.
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