Skanska USA Targets Houston for Buys and Builds

HOUSTON – The groundbreaking of the 302,000-square-foot office building on Post Oak Boulevard, along with the recent Houston Club Building buy, launch the company’s local presence. Look for more in the near term.

By Amy Wolff Sorter | Updated on November 08, 2011

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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