Investment & Development Ventures, LLC (IDV) and a Fortune 500 energy client have signed a long term agreement for construction of a Build-to-Suit office building in Pasadena, TX. The site is located in Park 225, at 300 Beltway Green Blvd, and is the 8th project developed in the business park. The facility is designed as a 3-story, 82,800 square foot office building on ~5 acres and will be constructed of tilt wall, structural steel and insulated glass. IDV partnered with Powers Brown and Metzger Construction for completion of the project. Groundbreaking commenced August 1, 2016 with delivery June of 2017. The new office will provide a central location allowing the client to consolidate its local business units at the crossroads of Highway 225 and Beltway 8.
IDV is a privately held, Houston based, real estate investment, development and management company which has developed over 2.2 MM square feet.