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Houston: EastGroup distribution projects 3Q 2014Houston: EastGroup distribution projects 3Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26982014-10-23T06:47:00Z2014-10-23T07:00:00Z

HOUSTON - EastGroup began construction of four business distribution projects during third quarter 2014. The two in Houston, West Road III (78,000 sf) and Ten West Crossing 7 (68,000 sf), have projected total investments of $5 million and $4.9 million, respectively.

During the first nine months of 2014, EastGroup began construction of 15 development projects containing 1,236,000 sf with a projected total investment of $88.9 million.

These developments are located in Houston, San Antonio, Charlotte, Phoenix, Orlando and Tampa. The Houston projects are detailed in the table below.

Houston Development Properties Started in 2014
Property Size (SF) Actual or
Projected
Completion
Projected
Total
Costs
World Houston 41 104,000 08/2014 $6,900,000
Ten West Crossing 6 64,000 10/2014 $4,800,000
West Road I 63,000 10/2014 $4,900,000
West Road II 100,000 10/2014 $6,800,000
West Road III 78,000 02/2015 $5,000,000
Ten West Crossing 7 68,000 04/2015 $4,900,000
Totals 477,000 - $33,300,000


Source: SEC filings

See San Antonio: EastGroup distribution projects 3Q 2014 SEC for details on the San Antonio projects.

Securities and Exchange Commission
Houston-The Woodlands-Sugar Land
Industrial
http://www.sec.gov/Archives/edgar/data/49600/000004960014000040/exhibit99110162014.htmRead more at {Source}

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