Two Class AAA office towers, warehouse space and developable land were acquired by THE HOWARD HUGHES CORPORATION® in The Woodlands®, Texas. A 63 acre Campus in West Houston was also included in this acquisition. This acquisition will meet an ongoing demand in this market and will reinforce The Howard Hughes Corporation’s standing as the community’s representative and largest contributor.
The 63 acre, 1.3 million square foot campus with 17 office buildings acquired from Occidental's Century Park campus in the West Houston Energy Corridor is included in the $565 million transaction. This will be remarketed and will focus resources into the growth of its core business of Master Planned Communities. In The Woodlands, this acquisition of the two Class AAA towers will be rebranded as The Woodlands TowersatThe Waterway and includes 9.3 acres of prime, developable land in the heart of The Woodlands.
The Woodlands® is a 28,000 acre master planned community that has 45 years of history and has had an impact on other Master planned communities because of its environmental preservation. Over 117,000 people call it home and around 68,000 people work inside the community. This community is one of the top selling master planned communities in Texas and in the United States. It has been named “Trailblazer of the Year” in 2018 by the Greater Houston Builders Association among more recognitions. It truly provides a dream lifestyle for all that live here.
The Howard Hughes Corporation® is an award winning corporation that owns, manages and develops commercial, residential and mixed use real estate throughout the nation. It has a distinguished portfolio of Master planned cities and communities including the Seaport District in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawaii. It is positioned to advance development based on market demands and results in one of the strongest platforms of Real Estate in the country. The Howard Hughes Corporation® is committed to excellence.