Tuesday, March 4, 2008 - 11:34 AM CST
Behringer Harvard set to break ground on Three Eldridge Place
Houston Business Journal - by Jennifer Dawson Reporter
Behringer Harvard has announced plans to build Three Eldridge Place -- an office building in West Houston that will seek LEED certification as a green building.
After initially keeping the project under wraps, the Dallas-based investment firm confirmed Tuesday that it will break ground in March on a 13-story, 303,000-square-foot building in the Energy Corridor submarket.
Three Eldridge Place will be adjacent to One and Two Eldridge Place, which were acquired by Behringer Harvard REIT I Inc. in December 2006. Those two buildings have a total of 519,000 square feet of space and are 99 percent leased. They are located at 757 N. Eldridge Parkway and 777 N. Eldridge Parkway, just south of Interstate 10 near Memorial Drive.
The new office building will be located on the corner of Eldridge Parkway and Memorial Drive. One unique building feature will allow tenants to drive up to their suites by having building access from the six-level parking garage.
Behringer Harvard's development team includes EEReed as general contractor; Gensler as architect; and Haynes Whaley, DBR Inc. and Walter P. Moore as engineering contractors.
The project is being funded through Behringer Harvard REIT I Inc., which owns 75 office properties with more than 25 million square feet across the country.