Midland: Pontikes buys land for plan in Westridge Park

MIDLAND – Pontikes Development LLC has purchased 19 acres in the 100-acre Westridge Park, according to CB Richard Ellis (CBRE). SBC LP sold the property.

Pontikes plans to develop a complex consisting of approximately 500,000 sf of office space, including structured parking facilities. Construction plans will allow tenants to begin occupying the space in 2015.

Additionally, Chevron Corporation is constructing an approximately 350,000-sf facility adjacent to the Pontikes development within Westridge Park.

"Midland and its economy have experienced a great deal of growth in the last few years, and we expect to see this expansion continue into the future,” said Alan Feinsilver, president of Pontikes Development.

Westridge Park is currently Midland’s fastest growing multi-use development. The location is within proximity to numerous major retail, restaurant and hotel facilities, as well as to Loop 250 and Hwy. 191.

Pontikes Development is affiliated with Satterfield & Pontikes Construction Inc.

Source: CRBE