$565M Acquisition Nets Two Office Towers, a Warehouse and Campus
The Howard Hughes Corporation acquired two class-AAA office towers, warehouse space, the Century Park campus and developable land from Occidental, shoring up premium office space aligned with the firm’s core focus.
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.