NBC, KDC To Build Media Studio In $582M Texas Community

Law360, New York (June 11, 2012, 4:44 PM EDT) -- Media giant NBC Universal Inc. and developer KDC Real Estate Development & Investments plan to build a new 75,000-square-foot broadcasting and multimedia facility in Texas' $582 million Centreport Business Park, the companies announced Monday.

The building will house local subsidiaries NBC 5 and Telemundo/KXTX-TV, along with several other smaller arms of the media corporation. Construction is set to start later this month and be complete by the end of 2013, according to KDC, which has been developing Centreport in phases since 1995.

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