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HOUSTON-Chicago-based Bank One has plans to lease or build 11 Houston locations. The banking firm has just closed on its first new spot, a one-acre pad site at Fry Road and the Grand Parkway in far West Houston near Katy.

Bank One has another pad site under contract and is scouting the market for nine more locations, Simmi Jaggi Basra, vice president at the Houston office of CB Richard Ellis, tells GlobeSt.com. CBRE is the Bank One’s representative in Houston and also represents the client in “the majority of the rest of the country,” she says. Clay Trozzo of Houston’s Property Commercial represented the seller, Grand Parkway Shopping Center Ltd.

The new locations will most likely be a combo of leased and owned sites. In the far west submarket, she is looking at Interstate 10 intersections at West Fry Road and Grand Parkway. In the southwest, she is looking at Texas 59 and Grand Parkway. Heading north, Bank One wants locations at Texas 290 and Barker Cypress Road; Interstate 45 and Louetta Road; and the suburbs of Conroe and the Woodlands. Closer to town, Basra is eyeing I-10 and Bunker Hill on the west side and the interstate’s junction with Maxey Road on the east side.

According to Basra, ground will break on the Fry Road building in 30 days. The structure will be a 3,500-sf design with five-lane drive-through lanes.

Bank One Corp. is the sixth-largest bank holding company with $260 billion in assets. In Houston, the banking firm has more than 45 locations in the Houston metropolitan area.

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