Skanska USA Commercial Development, a NY-based construction and development firm, announced this week that it had completed the purchase of 14 acres of land in Houston with plans to build a 1 million square foot Class A office development. Terms of the land deal were not disclosed, but the company is clear on their plans to make a footprint on Springwoods Village Parkway, adjacent to the new ExxonMobil corporate campus. According to a press release, the site can accommodate a single tenant seeking a build-to-suit corporate campus or a three-building office complex with multiple tenants.
"With the growing demand for high quality office space in North Houston, we look forward to delivering a Class A, highly sustainable office complex in this dynamic area,” said Michael Mair, executive vice president and regional manager of Skanska USA Commercial Development. "Whether we develop the parcel for a single tenant or as a complex shared by multiple tenants will depend on marketplace demand."
Additional developments by Skanska USA Commercial Development in Houston include West Memorial Place, a two-phase 700,000 square-foot office campus in Houston's Energy Corridor; a completed Class A, 302,000 square-foot office building at 3009 Post Oak Blvd; and Capitol Tower, a 750,000-square-foot, Class A commercial office tower planned for 800 Capitol Street in downtown Houston.
For more news and information visit Blumberg Capital Partners.
