The Woodlands Towers at The Waterway is one of the office assets acquired by The Howard Hughes Corporation.
THE WOODLANDS, TX—The Howard Hughes Corporation recently acquired two class-AAA office towers, warehouse space and developable land from Occidental, providing it with highly sought-after premium office space. The acquisition increases The Howard Hughes Corporation's office portfolio within the master-planned community by approximately 50%, and reinforces its standing as the community's steward and largest stakeholder.
The $565 million transaction also includes the acquisition of Occidental's Century Park campus in the West Houston Energy Corridor, a 63-acre 1.3-million-square-foot campus with 17 office buildings, which The Howard Hughes Corporation will immediately remarket in line with its recently announced commitment to sell non-core properties and focus resources into the growth of its core business of master-planned communities.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
