February 10, 2020
The quick lease-up of Beltway-225 Business Park Phase I in Pasadena, TX led owner United Equities Inc.to announce construction on the second phase. Groundbreaking on Phase II is anticipated to launch by Q2 2020.
The first-phase lease-ups included PTR Holland, which took down 18,500 square feet at 820 E. Sam Houston Pkwy. S., and Cooper Valves, which inked a 21,000-square-foot lease at 818 E. Sam Houston Pkwy. S.
Travis Land and Michael Keegan with NAI Partners represented United Equities in the lease negotiataions. Newmark Knight Frank’s Taylor Scheps advised Cooper Valves.
According to United Equities’ Doug Freedman, Phase I delivered shell-complete, in the first part of 2019, and was filled by the end of the year. The second phase will consist of two buildings totaling 46,000 square feet at 826-830 E. Sam Houston Pkwy. S.
“The buildings in Phase 2 will have a little more outside yard, based on tenant demand in that market,” Freedman said.
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