Saturday , 23 September 2017
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New Office Buildings Under Development in Midland, Texas as Permian Basin Drilling Boosts Economy

MIDLAND, Texas — Houston-based Satterfield & Pontikes Construction, is planning construction of multiple, new 100,000-square-foot office buildings in Midland, Texas. The site for the project is located in Westridge Park, a 100+-acre master-planned development situated in Midland’s premier high-growth Western Corridor. Midland’s soaring economy has benefited from increased energy production as a result of new drilling technologies in the liquids-rich Permian Basin. These economic conditions have fueled a demand for new development in retail, hotel and residential sectors. S&P’s new development is a first-of-its-kind in the rapidly expanding area.

“Business is booming in Midland and we want to be a part of helping build the foundation for their next chapter in the city’s history,” said George A. Pontikes, JR, S&P’s President and CEO. “The demand for space is up-and-rising and we’re excited to have the opportunity to help provide a community with a second-to-none facility that delivers the resources to meet the area’s current demands.”

Employing a timeless design from Kirksey Architects, S&P’s new energy efficient four-story, multi-building development is located just ten minutes from Midland International Airport and offers easy access to Loop 250 and HWY 191. The site is minutes from downtown Midland and Odessa and is conveniently located near Midland’s residential neighborhoods, restaurants and hotels.

Ron McWherter of CBRE’s Houston office and Bill Scott of Midland Texas Real Estate will handle the leasing effort on behalf of S&P.

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