Kaizen Breaks Ground on Texas Office Park

One Bethany at Watters Creek will be built in phases, with the initial component slated for delivery in the first quarter of 2018.

Kaizen Development Partners has begun construction on its multi-phase, office park in Allen, Texas. The development is known as One Bethany at Watters Creek and is situated on 17 acres at the northwest corner of Bethany Drive and Watters Creek Boulevard, near Watters Creek mixed-use development and the planned Allen Hotel and Convention Center.

The first phase includes a 125,000-square-foot Class A office building with a 570-space parking garage. The property will boast a conference center, training room, tenant lounge and fitness center. The first building will be delivered in the first quarter of 2018 and is currently being preleased. The second phase will bring an additional 250,000 square feet suitable for larger tenants in a campus environment.

“Tenants have been demanding a Class A office building with proximity to a walkable, mixed-use project like Watters Creek. One Bethany at Watters Creek will deliver on all these aspects,” Allen Economic Development Executive Director, Dan Bowman, said in prepared remarks.

BOKA Powell designed the project and Balfour Beatty Construction will handle the construction. JLL’s Daryl Doggett and Blake Shipley will handle the leasing and marketing operations. According to a press statement, the team has already secured soft commitments for a big part of the building, including a local eatery to be located on the ground floor with outdoor patio space. JLL will also be the building’s property manager.

“We recognize the growing demands by users of space trending north, so we are excited to respond with something fresh and new to the City of Allen,” added Kaizen Development Partners CEO, Derrick Evers.

Images courtesy of Kaizen Development Partners