Houston: EastGroup distribution projects 3Q 2014
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.
| 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.
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