More growth is on the way for Katy despite the KBR project has been put on hold because of economic reasons.
PathFinder Energy Services Inc. has begun work on a new corporate facility in spite of the recession, the sale of the firm and recent layoffs at the new parent company.
PathFinder, which specializes in logging-while-drilling products and services, is constructing the PathFinder Technology Center on 25 acres of a 34-acre site it owns near Katy. The firm is expected to spend more than $20 million on a two-story main building and a number of separate facilities that will have a total of 225,000 square feet of space.
The center will be located near the northwest corner of Colonial Parkway and the Grand Parkway, next to the highly visible, 800,000-square-foot 99 Cents Only warehouse along Interstate 10. PathFinder’s site is across I-10 from where Houston-based KBR Inc. planned to build 900,000 square feet of office space to house most of its 4,500 local employees. The much expected KBR project has been temporarily postponed for several months.
Monday, April 13, 2009
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