HOUSTON – Less than four months after taking ownership of the Houston Club Building, Skanska USA’s Commercial Development business will break ground on a 302,000-square-foot office building in the Galleria/Uptown submarket. These two activities are a sign of things to come, as the New York-based Skanska USA has targeted Houston as one of four tier-one cities for development and acquisitions.

“What we’re looking for in our model is value-add propositions,” comments Michael Mair, executive vice president, regional manager, Skanska USA Commercial Development. “We like ground-up opportunities in urban settings with high barriers to entry.” Also on tap, he adds, are build solutions for development, as well as irreplaceable corners or premier streets.

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