Chambers Street Properties has reached an agreement with Norway-based Det Norske Veritas to expand the property it leases.
The two-story expansion in Katy, Texas, which totals approximately 47,250 square feet, will increase the property size of the existing building to approximately 137,000 square feet.
Chambers Street, a Princeton-based real estate investment trust, will oversee the general contracting services for the expansion, which is expected to be complete in summer 2015. It will allow DNV to consolidate its operations and move 300 employees to the Katy properties.
“We’re delighted to be able to provide DNV with the additional space they need to bring their employees together into one Houston location and we look forward to working with the DNV team to deliver the space next year, and extend our relationship into the next decade,” Philip L. Kianka, executive vice president and chief operating officer, Chambers Street, said in a prepared statement.
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