EastGroup Properties breaks ground on business park in Katy area

EastGroup Properties Inc. (NYSE: EGP) has broken ground on a new business park, its second in the Katy area and sixth in Greater Houston.

Grand West Crossing will be located along the Grand Parkway at Clay Road, about 4 miles north of the Jackson, Mississippi-based company’s Ten West Crossing property.

The first phase includes a 120,600-square-foot building, which will offer a combination of office and warehouse space for tenants requiring from 10,000 to 120,000 square feet. It will feature a…