THE WOODLANDS, TX – (June 26, 2009) – Beusa Energy, Inc., an exploration and production company engaged in the acquisition, development, and production of oil and natural gas properties, has leased the entire top floor of the new 4 Waterway Square Class A office building in The Woodlands Waterway Square District, according to Dan Leverett, vice president of commercial for The Woodlands Development Company.
Beusa is expected to move into the 24,592-square-foot space this December. This will be a new company headquarters for Beusa. The company currently occupies 7,906-square-foot offices in the Parkwood Building, located at 10077 Grogan’s Mill Road in The Woodlands. Beusa has approximately 30 employees that will be moving to 4 Waterway Square.
4 Waterway Square is under construction and will be completed in early September. The nine-story, 216,000-square-foot multi-tenant office building is located on The Woodlands Waterway®, at the intersection of Waterway Square Place and Woodloch Forest Drive. The building was designed by Elkus-Manfredi of Boston, MA and is being constructed by Harvey Builders of Houston. Gensler Houston is the architect of record.
The building will include a covered walkway to the new 1,900-space Waterway Square parking garage, located adjacent to the building. The garage is also expected to be completed in early September.
The lobby of 4 Waterway Square will feature a multi-level design that steps down as it reaches The Waterway, providing a panoramic view. High quality materials, finishes and landscaping will enhance the architectural design of the building. Tenants of the building will be situated within a short walk to Waterway Square, a European-style plaza with multiple water features; shopping at The Woodlands Mall and Market Street; and over 40 restaurants. A boutique hotel and condo tower is also planned for The Waterway Square District, along with additional office buildings.
“Companies like Beusa Energy that have been located in The Woodlands for a number of years, realize the advantages of the enhanced quality of life The Woodlands community provides for employees,” Leverett said. “In addition to a wide range of homes, excellent schools and recreation, employees in The Waterway Square District enjoy the benefits of being close to shopping, restaurants, entertainment and other business services, as well as great views of The Fountains at Waterway Square and The Woodlands Waterway®.”
Another Class A office building in The Waterway Square District, 24 Waterway Avenue, is 98% committed. The 308,000-square-foot mixed-use building with retail and restaurant space on the ground floor was completed a year ago. Major signed tenants include Common Resources, American Financial & Automotive Services, HMT, Winstead, and Hubbell & Hudson Market & Bistro. 20 Waterway Avenue, a specialty restaurant building, was also recently completed and tenants include Crush Wine Lounge and Grimaldi’s Coal Brick-Oven Pizzeria.
The Woodlands is a 28,000-acre master-planned community located 27 miles north of downtown Houston. It is a project of The Woodlands Development Company, a limited partnership of Morgan Stanley and General Growth Properties, Inc. |
