The Teva Neuroscience building is an important one in Kansas. The new office building for pharmaceutical company Teva North America will cover 150,000 square feet and house about 350 employees. It will also rise five stories in the air from its site in Overland Park, Kansas.
Most importantly, though, the building is yet more proof that new construction is again on the rise throughout the Midwest.
Construction crews celebrated the ceremonial topping out of the structural steel for the building on Oct. 24.
Kansas City-based Block Development Company played a key role in this project and in bringing the pharmaceutical firm to Overland Park. In an earlier interview with Midwest Real Estate News, Kenneth Block, president of Block Development Company, pointed to the project as a sign of hope in what is still a challenging commercial real estate market.
“It’s good to see construction taking place again,” Block said. “We’d like to see more construction, of course. We’d always like to see that. But this is one of those projects that we’re all excited about. We think it’s another sign that we are in recovery, even if it is a slow recovery.”
— Dan Rafter