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  Development Activity:


EastGroup Properties has acquired 133 acres of land along Beltway 8 near the entrance to George Bush Intercontinental Airport for the expansion of
its World Houston International Business Center. In addition to the purchase price of approximately $10 million, EastGroup intends to invest $10 million in infrastructure improvements to the site. The acquisition provides Jackson, Miss.-based EastGroup the opportunity to add some 1.6
million square feet of industrial space through new development in future years.

Scientific Drilling, an independent provider of directional drilling and wellbore navigation technologies, has leased 20,700 square feet at Greenspoint Park, which is located on Northchase and Benmar Drive. 

Coastal HVAC Supply, a HVAC wholesaler, signed a lease for 53,000 square feet in the Greenspoint Business Center on Esplanade Boulevard. Coastal HVAC is relocating from its 30,000-square-foot space on Bradfield Road. 

Integrated Production Systems, a provider of production enhancement services to the North American oil and gas market, has leased 16,500 square feet at Greenspoint Park. The company provides completion, workover and production optimization services and products.

Mazak, a manufacturer that makes machine tools for energy, agricultural, automotive and aerospace industries, will open a new 30,000-square-foot
regional headquarters and technology center in June. The new building is on Sam Houston Parkway West near Interstate 45.

Moran Shipping, a provider of agency and maritime consulting services to many of the world’s most prominent ship owners, operators and charterers, recently broke ground on a new 24,000-square-foot building. The new Houston office is located on Ronan Road near Sam Houston Parkway East.
Fibertown, a technology company that provides co-location services and disaster recovery space, has leased 50,000 square feet in the Digital Realty Trust campus. The space will be used as a data center and will open this summer.



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