AVERA BREAKS GROUND FOR 60,000-SQUARE-FOOT BUILD-TO-SUIT

STAFFORD, TEXAS — Houston-based AVERA has broken ground for the development of Parker Corporation Energy Products Division Headquarters in Stafford. Situated on 5.4 acres at the intersection of Cash Road and Dublin Court, the 60,000-square-foot facility will serve as the head office for Parker Corp.’s Energy Product Line, and will serve as the center of operations for assembly, testing and warehousing for the product line. The Class A structure will be built with tilt walls, and will have the capacity for future expansion. AVERA sold the site to Parker in 2008, and will be serving as developer for the project. San Marcos, Texas-based K-W Construction will provide general contracting services, and Boston-based Three Square Design will serve as project architect. The construction timetable was not released.