THE WOODLANDS – (Realty News Report) – SVN – J. Beard Real Estate – Greater Houston has recently represented the buyer in the purchase of Town Center I & II office buildings in The Woodlands.
The buildings, located at 1450 Lake Robbins Dr. and 1330 Lake Robbins Dr., contain over 275,000 SF combined, the two, six-story buildings are adjacent to The Woodlands Mall. Together, they comprised a large part of the highly successful office expansion of The Woodlands Town Center and nearby Woodlands Waterway 20 years ago.
Jeff Beard, Managing Director of SVN – J. Beard Real Estate – Greater Houston, led the team that represented the buyer, Woodforest National Bank, in the investment transaction. The seller was represented by Jeff Hollinden, Kevin McConn, Jack Moody, and Sherri Rollins with JLL.
In addition to being the new owner, Woodforest Bank is the largest occupant in the property.
“As the largest occupant in the project, and one of the original tenants of Town Center from its initial development, this is a strategic acquisition and a great long-term asset for Woodforest. The purchase will allow the bank to ensure its ongoing presence and expand on its long-standing commitment to The Woodlands and Town Center,” Beard said. “ It was amazing to watch this deal come together for assets most experts would consider irreplaceable for this marketplace. The level of collaboration and teamwork was extraordinary for a transaction of this complexity in a short time frame, with closing at year-end in less than 40 days from actual contract signing.”
SVN – J. Beard Real Estate – Greater Houston has been retained by the owner and will provide leasing and property management services for Town Center I & II.
The Woodlands is a 28,800-acre master planned community located 27 miles north of downtown Houston. The Woodlands is home to 120,000 people, and over 68,000 people work in the community.
Jan. 30, 2023. Realty News Report Copyright 2023
Photos courtesy SVN – J. Beard Real Estate
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File: Woodforest Bank Buys Buildings
File: The Woodlands. Office space. Woodforest Bank Buys Buildings