The Woodlands Gains Tenants in Office Towers

THE WOODLANDS – (Realty News Report) – The Howard Hughes Corp. has announced six new office leases at both The Woodlands Towers at the Waterway and Hughes Landing in The Woodlands.

The Woodlands Towers at the Waterway

Colliers, a commercial real estate brokerage professional services and investment management company, 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 capabilities company for the “next-generation”, has leased a 3,487-square-foot spec suite while Nordic Holdings, a foundation of Arden and Laura Hetland, will occupy a 2,398-square-foot spec suite.

9950 Woodloch Forest is one of two iconic buildings, part of The Woodlands Towers at The Waterway. The buildings were once part of the Anadarko Petroleum campus.

Hughes Landing

WaveCrest Energy has leased a 1,794-square-foot spec suite; Innocube Biosciences, Inc. will occupy a 1,724-square foot space; and Quattro Financial Advisors, an investment management services company, will move into a 1,551-square-foot office space at 1725 Hughes Landing, a 13-story office building. The building is situated in Hughes Landing, a 79-acre mixed-used development, adjacent to 200-acre Lake Woodlands.

“We are pleased to announce the latest leasing activity in our office portfolio.  We are seeing an increase of interest in spec suite opportunities – especially entrepreneurial start-ups and emerging enterprises. These businesses need immediate, turn-key office space they can quickly move into without having to wait for completion of a traditional design and construction process,” said Jim Carman, President, Houston Region for Howard Hughes.

Brokerage Professionals:

Representatives from Colliers included: 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. The Woodlands, founded 47 years ago, is home to 119,000 people, and over 66,000 people work in the community.

Another bright spot in The Woodlands office market was reported in April when Linde Engineering leased 120,454 SF. The engineering firm is taking space in the Sierra Pines II building, a six-story building at 1575 Sawdust Road. Kevin Saxe and Jon Lee with CBRE represented Linde. The landlord, VEREIT, was represented by Brad Fricks of Stream Realty Partners.

Overall, the Houston office market has been passing through a rough patch. Vacancy has been rising as companies reduce the size of their offices.

June 12, 2021 Realty News Report Copyright 2021

For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  

Ebook version

Photo: Courtesy Howard Hughes Corp.

File: The Woodlands Gains Tenants in Office Towers

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