03.08.07 - Granite Properties Breaks Ground on Final Phase of Granite Park Beltway 8


“We designed Granite Park Beltway 8 as suburban office space. Tenants are able to build-to-suit their specific needs while space is available. The buildings offer a company identity package on the outside of the building as well as pylon signage along Beltway 8. Ample parking surrounds the development and its location, at Clay Road, makes access to other parts of Houston very easy via Beltway 8,” said Scott Martin, managing director in Houston for Granite Properties.

Granite Park Beltway 8 Phases I and II are twin office flex buildings of 76,500 square feet each. Currently the two buildings are 94% leased, with a remaining vacancy of 10,500 square feet. The available space offers frontage and identity on Beltway 8 and surface parking for 35 cars, of which 15 spaces are reserved parking spaces. These two buildings are headquarters for national home builders, technology companies, and regional sales offices, all of which choose Granite Park Beltway 8 due to its location, ease of access, flexible space designs and generous surface parking.


Granite Properties is a diversified real estate investment and management company that is aggressively deploying its own capital and adding real estate to its portfolio of office, industrial, land and retail holdings. The Granite portfolio has grown to over 9.5 Million square feet, with an estimated worth of close to $ 1 billion. Over the last five years, Granite has invested an average $150 million per year in its core cities of Houston, Dallas, Atlanta and Denver. For 2007, Granite Properties expects to acquire and develop sites in the greater Houston area worth $100 million and deploy a total of $250 million nationally. Granite Properties is unique among developers because it works on an all cash basis, which allows Granite to move quickly to fund deals.

For more information about Granite Properties go to: www.graniteprop.com/home. Contact Steve Carter, at 281-340-9406, for lease information.


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