{"id":1004103246,"date":"2014-09-03T21:02:19","date_gmt":"2014-09-04T05:02:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=289249"},"modified":"2020-04-21T00:36:58","modified_gmt":"2020-04-21T08:36:58","slug":"dagostino-cos-breaks-ground-for-the-offices-at-sam-houston-in-west-belt-submarket-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dagostino-cos-breaks-ground-for-the-offices-at-sam-houston-in-west-belt-submarket-2\/","title":{"rendered":"D\u2019Agostino Cos. Breaks Ground for The Offices at Sam Houston in West Belt Submarket"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

\"\"<\/a>Eight months after proposing development of a four-story, 113,000-square-foot office property at the corner of Sam Houston Park Drive and Houston Oakes Drive, D\u2019Agostino Cos. broke ground on The Offices at Sam Houston. CBRE has been pre-leasing the asset; plans were to begin construction as soon as the property was at least 25 percent pre-leased, and it is now more than 50 percent spoken for.<\/p>\n

The project will rise along Beltway 8, between highways 249 and 290, on a 4.3-acre site. That’s good news for the West Belt submarket, which, according to the Houston Business Journal<\/a>, has been the subject of some concern among real estate experts, since in the last quarter only one out of nine proposed projects broke ground and only one office building out of 10 was completed.<\/p>\n

The West Belt submarket received its moniker last year, when CBRE research data showed that the area along the Sam Houston Tollway had begun to differentiate itself from the neighboring FM 1960 and North Loop submarkets. Benefits included an increase in rents and growing development activity. In the third quarter of 2013, when the research was conducted, two new office assets totaling 541,000 square feet had been completed in the West Belt: Houston Crossing II and 8 West Centre.<\/p>\n

\u201cWest Houston has been one of the most dynamic office markets in the nation over the last two years, with robust new construction and exceptional occupancy rates,\u201d said Angie Baeur-Hamilton of CBRE Houston. \u201cAs more development emerges in the West Houston submarkets, CBRE Research is recalibrating to capture that trending data.\u201d<\/p>\n

Image Courtesy of CBRE<\/p>\n","protected":false},"excerpt":{"rendered":"

In January, 2014, D’Agostino Companies proposed the development of a four-story, 113,000-square-foot office property at the corner of Sam Houston Park Drive and Houston Oakes Drive. They had tapped CBRE to handle the leasing of the asset and they had stated that development would start as soon as the property is at least 25 percent preleased. After eight months and already having more than 50 percent of the asset preleased, D’Agostino Companies recently broke ground on The Offices at Sam Houston.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004103246","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"\nD\u2019Agostino Cos. 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They had tapped CBRE to handle the leasing of the asset and they had stated that development would start as soon as the property is at least 25 percent preleased. After eight months and already having more than 50 percent of the asset preleased, D’Agostino Companies recently broke ground on The Offices at Sam Houston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dagostino-cos-breaks-ground-for-the-offices-at-sam-houston-in-west-belt-submarket-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-04T05:02:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T08:36:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/Capture.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dagostino-cos-breaks-ground-for-the-offices-at-sam-houston-in-west-belt-submarket-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dagostino-cos-breaks-ground-for-the-offices-at-sam-houston-in-west-belt-submarket-2\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"D\u2019Agostino Cos. 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