THE WOODLANDS – (Realty News Report) – The Howard Hughes Corporation has announced six new office leases across The Woodlands Towers at The Waterway and Hughes Landing in The Woodlands.
The Woodlands Towers at the Waterway
Colliers, a commercial real estate brokerage and investment management firm, has leased 4,100 square feet of office space at 9950 Woodloch Forest Tower, a Class AAA, 31-story office building.
Also at 9950 Woodloch Tower, Prevailion, a cyber intelligence company focused on next-generation capabilities, has leased a 3,487-square-foot spec suite. Nordic Holdings, a foundation established by Arden and Laura Hetland, will occupy a 2,398-square-foot spec suite.
9950 Woodloch Forest is one of the two iconic tower buildings that make up The Woodlands Towers at The Waterway. Both buildings were originally part of the Anadarko Petroleum campus.
Hughes Landing
At 1725 Hughes Landing, a 13-story office building in Hughes Landing, the following leases were completed: WaveCrest Energy leased a 1,794-square-foot spec suite; Innocube Biosciences, Inc. will occupy 1,724 square feet; and Quattro Financial Advisors, an investment management firm, will move into a 1,551-square-foot office. Hughes Landing is a 79-acre mixed-use development situated adjacent to the 200-acre Lake Woodlands.
“We are pleased to announce the latest leasing activity in our office portfolio. We are seeing increased interest in spec suite opportunities—particularly from entrepreneurial start-ups and emerging enterprises. These businesses require immediate, turn-key space they can occupy without waiting for the completion of a traditional design and construction cycle,” said Jim Carman, President, Houston Region for The Howard Hughes Corporation.
Brokerage Professionals:
Colliers representatives on the lease were Robert S. Parsley, Norm Munoz and Jillian Fredericks.
Tenant Representatives:
Nordic Holdings – Adam Grimm of Newmark.
Innocube Biosciences – Linda Crumley of The J. Beard Real Estate Company.
WaveCrest Energy – Nick Terry with Rifle Real Estate.
The Woodlands is a 28,500-acre master-planned community located 27 miles north of downtown Houston. Founded 47 years ago, The Woodlands is home to approximately 119,000 residents and employs more than 66,000 people.
Another notable transaction in The Woodlands office market was reported in April when Linde Engineering leased 120,454 square feet in Sierra Pines II, a six-story building at 1575 Sawdust Road. Kevin Saxe and Jon Lee with CBRE represented Linde, and the landlord, VEREIT, was represented by Brad Fricks of Stream Realty Partners.
Overall, the Houston office market has been experiencing challenges, with vacancy rates rising as many companies downsize their office footprints.
June 12, 2021 Realty News Report Copyright 2021
For more about Texas real estate, see the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins. Available from major ebook and retail outlets.
Photo: Courtesy Howard Hughes Corp.
File: The Woodlands Gains Tenants in Office Towers