Transwestern Development Co. Breaks Ground on 312,000 SF Office Project in West Houston

HOUSTON, July 8, 2014 /PRNewswire/ -- Transwestern Development Co. today announces construction has commenced on Westway Plaza, a five-story office project located at the northwest corner of Sam Houston Tollway and Clay Road. The 312,000-square-foot project has a 150,000-square-foot pre-lease commitment in place to General Electric Co. (GE). The building will be ready for occupancy in the second quarter of 2015.

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"Westway Plaza is tailored to the needs of larger corporate users," said Carleton Riser, president of Transwestern Development Co. "The floorplate efficiency, best-in-class design elements and visibility will allow tenants to optimize the combination of total occupancy cost and a high-quality work environment."

Riser and Transwestern Executive Vice President Eric Anderson negotiated the lease on behalf of the building owner, an affiliate of Transwestern Development Co. Craig Beyer and Warren Alexander of CBRE represented GE. Transwestern Development Co. is developing the project, while Transwestern is the leasing agent.

Westway Plaza is designed to provide high-quality office space within a flexible floorplate and will include extensive floor-to-ceiling glass and 9-foot-6-inch finished ceiling heights. The building will feature a two-story lobby with granite flooring, marble walls and a glass curtain wall entry. Parking is provided in a multi-story garage with an enclosed building connection.

Strategically located along the Sam Houston Tollway approximately six minutes north of Interstate 10, Westway Plaza has premium visibility and direct access to both Clay Road and the tollway service road. The building is the latest addition to the commercial office hub established at this major intersection.

Powers Brown Architecture designed the building, while EE Reed Construction Co. is the general contractor. Cardno Haynes Whaley is the structural engineer; DBR is the mechanical, electrical and plumbing engineer; and Walter P. Moore is the civil engineer. SWA is the project's landscape architect.

ABOUT TRANSWESTERN DEVELOPMENT COMPANY
Transwestern Development Company is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern family of companies, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 34 U.S. offices and a real estate investment management company. For more information, please visit transwesterndevelopment.net.

ABOUT THE TRANSWESTERN FAMILY OF COMPANIES
The Transwestern family of companies together comprises a diversified real estate operating, investment and development organization. The privately held, fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare to add value for investors, owners and occupiers of real estate.

Media Contact:
Stefanie Lewis
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SOURCE Transwestern Development Company