HOUSTON-- Phase II of Grandway West is under construction, following a pre-lease commitment for 21,066 square feet from Severn Trent Services Inc., reps for Transwestern say.
The five-building office project will total 780,000 square feet when it is complete. Phase II, which will be ready for occupancy in March 2016, consists of 124,017 square feet.
“We are excited to get Phase II started which is a major step towards the ultimate goal of developing over 750,000 square feet of high quality value office space at Grandway West,” Paul Wittorf, senior vice president at Transwestern, told GlobeSt.com. “The current economic climate will present challenges; however, we believe the location and price point will remain compelling in the near term and long term this ownership group is bullish on Houston and Katy. “
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
