Trammell Crow Co. and JV partner Principal Real Estate Investors announced this week they had commenced construction on Energy Center Five (rendering below), a speculative Class A, 524,397-sq.-ft., 18-story office tower located just south of I-10, and adjacent to Energy Center Three and Four, in Houston. Completion is scheduled for 2Q 2016.
“Energy Center Five is the fifth and final phase of office development we will deliver with Principal Real Estate Investors in the Energy Corridor,” said Aaron Thielhorn, managing director with Trammell Crow Company’s Houston Business Unit. “We entered the Energy Corridor submarket more than eight years ago and have experienced the ongoing economic expansion, employment growth, and exceptional real estate fundamentals that have allowed us to be successful in creating office building assets that have attracted quality companies and employees.”
The companies have developed over 4.1 million sq. ft. of Class A office buildings throughout Houston, including Energy Center One, Two, Three and Four (representing 56 percent of that space, all in the Energy Corridor), Hess Tower in downtown Houston and Noble Energy Center One and Two in northwest Houston.