HOUSTON – The University of Texas’ MD Anderson Cancer Center purchased 34.5 acres in the Energy Corridor of west Houston for a major medical facility.
The site is in Wolff Cos.’ 78-acre Central Park development,located on the north side of I-10 between North Eldridge Parkway and SH 6, was assembled by Wolff in late 2011 and early 2012.
“Central Park is the largest remaining parcel available for development in The Corridor, and MD Anderson’s purchase here is indicative of the area’s concentration of not only energy companies, but also the entire range of commercial and institutional property users,” said David S. Wolff, Chairman and President of Wolff Cos.
Since The Energy Corridor was introduced to the market in the late 1970s, more than 300 multinational, national and local companies have located there. The Energy Corridor has seen a surge in activity this year with more than 2 million sf of office space currently under construction or starting imminently, while construction on another 4.5 million sf is expected to start in the next two years. Currently, the Energy Corridor area employs over 78,000 workers.
Since 1972 Wolff Cos. has developed over 1,000 acres in the Energy Corridor, including the Park 10 Regional Business Center, Westlake Center and Ten Oaks at the Texas Medical Center West Campus.
