February 13, 2018
HOUSTON – Transwestern today announces two deals totaling 30,139 square feet have been executed at Phase IV of Grandway West, a six-building office project that will total approximately 850,000 square feet when complete. Currently, the project has delivered 280,252 square feet in three separate buildings. Phase IV, which consists of 72,045 square feet, delivered in January of this year and is now 93 percent leased.
Transwestern’s Executive Vice President Eric Anderson and Senior Associate Parker Burkett represented the building owner, a joint partnership between InSite Realty Partners and Urban Companies, in both transactions.
Jones & Carter Inc. leased 17,900 square feet and was represented by Savills Studley Executive Vice President Derrell Curry. Gallagher Benefit Services Inc. leased 12,239 square feet and was represented by CBRE’s Senior Vice President Bill Boyer and Transaction Manager Trevor Jeske.
“The location, access and visibility have proven to be the key features contributing to the leasing success of the project,” said Burkett. “In addition to the outstanding geographical attributes, Grandway West offers a compelling price point for new construction, which is particularly appealing in the current market conditions. The completion of the Grand Parkway has injected strong momentum into the Katy office market, and Grandway West is well positioned to continue capitalizing on these strong trends.”
Grandway West is a 56-acre office development located 1 mile north of Interstate 10 with frontage along the Grand Parkway. The development has superior visibility and convenient access to the major highway systems.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Houston office, follow @TranswesternHOU.