CONSTRUCTION ADVANCING FOR 88,000-SQUARE-FOOT OFFICE BUILDING

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DEER PARK, TEXAS — Construction is advancing for the first component of Deerwood Glen, a 150-acre business park located at 4400 Highway 225 in Deer Park. The first structure, a two-story, 88,000-square-foot office building, is under construction and scheduled for completion in August. The Class A building is already half pre-leased to an undisclosed anchor tenant. Phased construction of the park will continue over the next couple of years and will ultimately total more than 1 million square feet of Class A office and warehouse space. The project is being developed by Houston-based Clay Development & Construction. Leasing of the project’s four office buildings is being handled by John Pruitt, Jessica Ochoa and John Simons of CB Richard Ellis.

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