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Pouring concrete for ‘Success’
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| Working together to pour the foundation for the ZT Shadow Creek Business Center (from left to right) are Pearland Mayor Tom Reid, Fred Welch, executive director Pearland Economic Development Corporation; R.D. Tanner, chief operating officer Wallace Bajjali Development Partners LP; David G. Wallace, chief executive officer Wallace Bajjali Development Partners LP; Taseer Badar, president and chief executive officer of the ZT Group of Companies; and Kraig Killough, vice president and chief operating officer of the ZT Group of Companies. |
Officials with the Pearland Economic Development Corporation (PEDC) and developers of the new ZT Shadow Creek Business Center poured the first of what will become 2,967 cubic yards of building cement during a unique groundbreaking event on Oct. 28.
The “Laying the Foundation of Success” ceremony celebrated the city’s first of two planned Class A office buildings.
“Getting people to live and work in Pearland, that’s our mobility plan. We want to bring people to Pearland and keep them here,” said Fred Welch, executive director of the PEDC. “We are excited to be here today to celebrate this true milestone of laying the foundation for the city’s first Class A office building.”
Spanning approximately 7.5 acres at Shadow Creek Parkway and State Highway 288, the multi-phased development consist of two Class A office buildings. Phase one is a four-story, 80,000 square-foot building and phase two is set to be 100,000 square feet. The project is being developed by T.A.B. Lonestar Holdings Inc., an affiliate of ZT Properties USA, and co-developer Wallace Bajjali Development Partners LP. Sterling Bank is funding the project.
Pearland Mayor Tom Reid and Welch addressed the crowd on behalf of the city. They were joined by Taseer Badar, president and chief executive officer of the ZT Group of Companies; David Wallace, chief executive officer of Wallace Bajjali Development Partners LP; and representatives from project broker Moody Rambin Interests and Sterling Bank.
“This is truly a public/private partnership of which we can all be proud,” Wallace said.
During the last two years, the developers has worked with city officials to create a project that meets the needs of the community. To ensure the project’s success, the city is providing incentives to bring business and development to Pearland.
“This building will enable more than 1,000 jobs to come to Pearland, which will in turn drive the area’s economy. This building is the crowning point of a new development trend,” Wallace said.
The property’s design features were unveiled at the event, including premium construction finishes and pre-cast, glass construction. The project also features many “green” amenities, including a low-reflection surface roof that reduces the heat emitted into the atmosphere, light pollution and water flow reduction fixtures, energy efficient HVAC systems, water efficient landscaping, and designated parking for energy efficient and low emission vehicles.
Phase one of the project has an estimated completion date of mid-2009. Moody Rambin Interests is currently handling pre-leasing for both phases of the project.
The “Laying the Foundation of Success” ceremony celebrated the city’s first of two planned Class A office buildings.
“Getting people to live and work in Pearland, that’s our mobility plan. We want to bring people to Pearland and keep them here,” said Fred Welch, executive director of the PEDC. “We are excited to be here today to celebrate this true milestone of laying the foundation for the city’s first Class A office building.”
Spanning approximately 7.5 acres at Shadow Creek Parkway and State Highway 288, the multi-phased development consist of two Class A office buildings. Phase one is a four-story, 80,000 square-foot building and phase two is set to be 100,000 square feet. The project is being developed by T.A.B. Lonestar Holdings Inc., an affiliate of ZT Properties USA, and co-developer Wallace Bajjali Development Partners LP. Sterling Bank is funding the project.
Pearland Mayor Tom Reid and Welch addressed the crowd on behalf of the city. They were joined by Taseer Badar, president and chief executive officer of the ZT Group of Companies; David Wallace, chief executive officer of Wallace Bajjali Development Partners LP; and representatives from project broker Moody Rambin Interests and Sterling Bank.
“This is truly a public/private partnership of which we can all be proud,” Wallace said.
During the last two years, the developers has worked with city officials to create a project that meets the needs of the community. To ensure the project’s success, the city is providing incentives to bring business and development to Pearland.
“This building will enable more than 1,000 jobs to come to Pearland, which will in turn drive the area’s economy. This building is the crowning point of a new development trend,” Wallace said.
The property’s design features were unveiled at the event, including premium construction finishes and pre-cast, glass construction. The project also features many “green” amenities, including a low-reflection surface roof that reduces the heat emitted into the atmosphere, light pollution and water flow reduction fixtures, energy efficient HVAC systems, water efficient landscaping, and designated parking for energy efficient and low emission vehicles.
Phase one of the project has an estimated completion date of mid-2009. Moody Rambin Interests is currently handling pre-leasing for both phases of the project.
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