PHOENIX—Trammell Crow Company and Prudential Real Estate Investors have announced an agreement to form a joint venture to develop a Class A, speculative office campus featuring two, two-story buildings totaling 210,000 square feet in Chandler. PREI is a business of Prudential Financial, Inc.

The project known as Mach One is located on 19 acres at the southeast corner of Loop 202 and Cooper Road near the Chandler Municipal Airport. The site has frontage along the Loop 202 freeway and Cooper Road and is directly adjacent to more than one million square feet of retail amenities. Construction is scheduled to commence in early 2015.

Jim Mahoney, senior managing director with Trammell Crow Company's Phoenix Business Unit, tells GlobeSt.com, “Chandler and Gilbert have a combined population of half a million and are two of the nation's fastest growing cities. Some of our largest employers are in that area and we've created a product that will serve those employers. It's within walking distance to 30 restaurants, banking and other amenities—we've checked all the boxes. We've designed this building with millennials in mind, which are very different from the boomers. They don't live to work; they work to live. We thought a lot about that as we designed this building—you will see features that are unique to the Phoenix market.”