The last phase for the park, situated at the intersection ofClay Road and Beltway 8, will deliver in six months. According toScott Martin, managing director in Houston for theDallas-headquartered Granite, lease-up on the first two buildings,each 76,500 sf, happened more quickly than anticipated. Onestructure delivered in early 2005 and the other in February2006.

"We'd budgeted an 18-month lease-up on phase two and were luckyenough to get three leases signed in less than 12 months," Martinsays. Tenant improvements are under way for Patterson Dental SupplyInc., headquartered in St. Paul, and Kongsberg Maritime Inc.'s newheadquarters. The tenants will move in June 1. BP Microsystems hasalready moved into its office.

Martin tells GlobeSt.com that the tenants have signed leaseswith seven- to 10-year terms. The park's quoted rate isn'tavailable, but class A office space in the submarket is going for$20 per sf to $22 per sf.