HOUSTON–Trammell Crow Co. and Prudential Real Estate Investors have announced a joint venture to develop One Grand Crossing, a 172,000-square-foot class A speculative office building in Houston.

The eight-acre site is located in the 124-acre mixed-use Grand Crossing development at the southwest corner of Grand Parkway and Interstate 10. Construction on One Grand Crossing has begun and the offices will be ready for occupancy in the fourth quarter of this year.

"One Grand Crossing provides tenants and visitors with a superior office environment, including excellent access, adjacent amenities, building signage, structured parking, modern architecture and space plan flexibility,” Brandon Houston, senior vice president with Trammell Crow's Houston business unit, told GlobeSt.com. “All of these elements are designed to provide our tenants with the ability to help recruit and retain key personnel."

The three-story building will be a “slip-H” rectangular, tilt-wall concrete structure with an efficient floor-plate design, including two separate 28,000-square-foot floor plates for a total of 56,000 square feet per floor. A combination of structured and surface parking will provide a minimum parking ratio of 4.5 spaces per 1,000 RSF. The project will incorporate green space throughout and a water amenity for tenant enjoyment. The development team is seeking LEED Silver Certification.

Construction financing is provided by Cadence Bank. The general contractor is Rosenberger Construction and the project is designed by Powers Brown Architecture. Leasing will be handled by Bonnie Kelley and Dave Hanusa with CBRE Houston.