Skanska USA Commercial Development is investing $108 million, about SEK 712 M, in the development of West Memorial Place II, a Class A office building site in Houston’s Energy Corridor. Skanska USA Building will implement the project at a contract value of $62 million, about SEK 408 M, which will be included in order bookings for the third quarter of 2014.
West Memorial Place II will be a 14-story office building with more than 35,000 square meters of rentable space. It is targeted for LEED Platinum certification. The new office building will be adjacent to West Memorial Place I, Skanska’s first development on this site, as previously announced.