Transwestern to break ground in energy corridor

Transwestern to break ground in energy corridor

Transwestern said Thursday it will begin construction on a 660,000-square-foot Class A office project within the Energy Corridor.

The development, Westgate, sits on a 20.8-acre tract near Interstate 10 and Barker Cypress Road and will consist of three buildings that are 67 percent preleased. Transwestern did not disclose the tenants.

The Houston-based real estate company acquired the land for the development on Sept. 13 from Hearst Corp. for an undisclosed amount.

“Upon completion, Westgate will provide a unique environment tailored to the needs of large corporate users,” Carleton Riser, Transwestern’s managing director of development, said in a prepared statement. “We feel the campus layout, visibility and unique architectural elements will make the project stand apart. And, we’ll be first to market in the Energy Corridor, which should provide a distinct advantage with today’s tight space conditions.”

Transwestern acted on its own behalf for the land acquisition, and Jeff Peden andDavid Cook of New York-based Cushman & Wakefield represented the seller in the transaction.

The architect for the project is Houston-based Powers Brown Architecture, and Sugar Land-based E.E. Reed Construction LP was selected as the contractor.

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