Houston-based Freeway Properties has broken ground on the first mid-rise office building to be built west of the Grand Parkway in Katy.
The six-story, 151,000-square-foot building, dubbed Katy Ranch Offices Phase, will be located immediately off the eastbound exit ramp in the 130-acre mixed-use Katy Ranch Crossing complex, and is scheduled for completion in the first quarter of 2015. The Class A-building will feature 24,800-square-foot floor plates with 45-foot bay depths for flexible space planning.
“The timing is right for a Class A, multitenant office building to serve professionals and small businesses in Katy,” said Griff Jaggard, vice president,Moody Rambin. “Just as retail follows rooftops, so does office follow retail in the Katy sub-market. Katy Ranch Offices Phase I marks the beginning of a new era in the history of this area.”
Jaggard and Kurt Kistler of Houston-based Moody Rambin are leasing the property. Powers Brown Architecture is the architect and LSI is the general contractor. TAS Engineering Construction is the mechanical, electrical and plumbing engineer.
Transwestern just announced it will build two new speculative industrial buildings on Interstate 10 in Katy.