Energy Center Campus Expands With Development Of Energy Center Five

Project Marks Final Phase of Class A Office Campus by Trammell Crow Company and Principal Real Estate Investors in Houston’s Energy Corridor

HOUSTON, TEXAS – August 4, 2014 Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate and joint venture partner Principal Real Estate Investors, have commenced construction  on Energy Center Five, a speculative Class A, 18 story office tower located on North Eldridge Parkway, just south of Interstate 10, and adjacent to Energy Center Three and Four.  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.”

Energy Center Five, designed by Kirksey Architects, will be a 524,397 square foot office building, which will feature a curved glass curtain wall façade above a two story limestone base.  The lower three floors will have expanded 18 foot floor heights in order to accommodate a variety of planned amenities such as dining, conferencing rooms and a fitness center. A double story ground floor lobby, wrapping around two sides of the building, will provide a unique opportunity to display a custom art installation.

Similar to the adjacent Energy Center Three and Four buildings, Energy Center Five is pre-certified LEED Gold and boasts a number of energy efficient design elements that are incorporated into the exterior, such as aluminum sunshades, ceramic frit, and high efficiency LED accent lighting.

Given its prime location, Energy Center Five is oriented on the site to provide excellent visibility from Interstate 10 as well as maximizing views of downtown Houston along its east facade. Multiple elements such as landscaped pedestrian pathways, water sculptures, bridges, and plazas connect the adjacent buildings creating a holistic campus, while providing each building its own unique identity.

“We are pleased to announce the final phase of our project with Trammell Crow Company,” said Joe Wanninger, Assistant Managing Director, Asset Management with Principal Real Estate Investors. “Energy Center Five provides tenants with a wide-range of first-class amenities in a great location. The Energy Corridor boasts a thriving business environment, making its location a competitive advantage for energy services, engineering, and exploration and production companies.”

As part of a national, Class A office and industrial building development program, Trammell Crow Company and Principal Real Estate Investors have developed over 4.1 million square feet of Class A office buildings throughout Houston, including Energy Center One, Two, Three and Four, totaling 2.3 million square feet in the Energy Corridor, Hess Tower in downtown Houston and Noble Energy Center One and Two in northwest Houston. 

Construction financing was provided by a syndication of Wells Fargo Bank and U.S. Bank. Balfour Beatty Construction is serving as the project’s general contractor. 

Aaron Thielhorn, Brandon Houston, Kevin Schmok, and Tommy Lee with Trammell Crow Company and Joe Wanninger with Principal Real Estate Investors will lead the development team. Leasing will be handled by Cody Armbrister and Steve Rocher with CBRE’s Houston office.

About Principal Real Estate Investors
Principal Real Estate Investors manages or subadvises $52.6 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2014, Trammell Crow Company had $4.8 billion of projects in process and $1.9 billion in its pipeline.

Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.

Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.

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