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. “
Wittorf, executive vice president Eric Anderson and associate Parker Burkett are providing leasing services on behalf of a partnership between InSite Realty Partners and Urban Cos.
Grandway West is a 56-acre office development located 1 mile north of Interstate 10 with frontage on the Grand Parkway. The development has premium visibility and easy access to all major highway systems. Phase I, totaling 83,912 square feet, is 90 percent leased. Phase II has 109,179 square feet available for prelease following the Severn Trent Services transaction.
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