Katy Economic Development Council applauds positive impact of Katy Ranch Offices
Friday, July 19, 2019
Houston, TX – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has been appointed as the exclusive leasing agent for 150,920 square feet (sf) of office space under construction at 24279 Katy Freeway in Katy, TX.
The project, Phase II of the Katy Ranch Offices development, has broken ground and is available for preleasing for summer 2020 delivery.
Avison Young Principals Sam Hansen and Doug Pack, who are based in Houston, will represent the landlord, Mike Baker, CEO of Freeway Properties. Avison Young and Freeway Properties held a groundbreaking ceremony Thursday together with Lance LaCour, President and CEO of the Katy Area Economic Development Council(EDC); A.J. Breneman, Principal of Powers Brown Architecture and Kerry LaGrone, Managing Partner of LSI General Contractors & Construction Managers.
To accommodate additional employees, an existing five-story parking garage will be expanded to accommodate more than 1,100 parking spaces. A skybridge will link the garage to the building’s main lobby, which will include conference and training rooms and a catering space. Preleasing of the office building is underway.
“The accessibility to the Katy Freeway and to more than 800,000 sf of nearby restaurants and shops makes this office building very attractive to employers and employees,” comments Hansen. “With retail stores, entertainment venues and fitness facilities just a short, five-minute walk away, this is the perfect live-work-play locale for proprietors.”
“The excitement created by Phase I will continue to generate momentum for Phase II,” notes Baker. “With the collaborative effort and support of Powers Brown Architecture, LSI Construction, Avison Young and the Katy Economic Development Council, this new project will be a great success and benefit the greater Katy area.”
“We are thrilled that Freeway Properties is breaking ground on Phase II of this outstanding 300,000-sf-plus office development,” says LaCour. “Phase I was highly successful and brought a strong economic impact and diversification to the Katy area by attracting companies like U.S. Silica, Sandbox, Tampnet, Waste Management and Liberty Mutual Group. “Katy Area EDC appreciates the extraordinary vision and investment Katy Ranch Offices and Freeway Properties have made in the Katy area.”
Phase I of Katy Ranch Offices is adjacent to the new building. The first phase was completed in 2015 and is fully leased with nearly 20 tenants, including Flagstar Bank, Escalate Workspace, US Silica, JMT Engineering, Price Gregory International and KGA/Deforest Design. The two buildings will total more than 300,000 square feet.
Category: Business Growth