THE WOODLANDS, Texas,
March 19, 2020 /PRNewswire/
-- The Howard Hughes Corporation® (NYSE: HHC) has
announced today that Western Midstream Partners, LP (NYSE: WES) has
signed a 133,948-square-foot lease for the top five floors of 9950
Woodloch Forest Drive, one of two premier Class AAA towers in The
Woodlands® comprising the newly rebranded The Woodlands Towers
at The Waterway. The Howard Hughes Corporation acquired the two
towers (formerly Anadarko Petroleum Corporation Headquarters)
totaling approximately 1.4 million square feet of office space from
Occidental Petroleum in late 2019. With this agreement, 9950
Woodloch Forest Drive is now 35% leased, with HHC's corporate
headquarters set to relocate to the building later this year. The
Howard Hughes Corporation previously announced that the entire
808,000-square-foot 1201 Lake Robbins Drive building has been
leased for thirteen years to Occidental.
"The Howard Hughes Corporation is proud to announce this lease
in our newly acquired 9950 Woodloch Forest building, welcoming
Western Midstream to The Woodlands Towers at The Waterway. We are
committed to offering premium office space to meet the demands of
the commercial office market for relocation and expansion here in
our community," said Jim Carman,
President of the Houston Region for The Howard Hughes Corporation.
"The Woodlands Towers at The Waterway offers unmatched amenities,
focusing on health and wellness, along with an incredible rooftop
terrace and panoramic views of The Woodlands Waterway®."
The Woodlands Towers at The Waterway features a
state-of-the-art, two-level fitness center complete with a
basketball and volleyball court, approximately 33,000-square-foot
rooftop terrace, building conference facilities, lobby café and a
tenant concierge program along with additional amenities. Both
Class AAA towers—the 595,000-square-foot, 31-story tower at 9950
Woodloch Forest Drive and the 808,000-square-foot, 30-story tower
at 1201 Lake Robbins Drive—are LEED Silver certified.
Western Midstream acquires, owns, develops and operates
midstream energy assets. The estimated commencement date for
move-in to The Woodlands Towers at The Waterway, which offers
frontage along Interstate 45 with convenient access to the Grand
Parkway, Hardy Toll Road and the George Bush Intercontinental
Airport, is anticipated for November
2020, with temporary space being provided to Western
Midstream beginning in April
2020.
"We are pleased to have signed a new lease with The Howard
Hughes Corporation and to retain our corporate office in The
Woodlands Towers. This provides us with compelling economics,
flexibility, and stability for our employees and avoids unnecessary
relocation costs," said Craig
Collins, Senior Vice President and Chief Operating Officer,
Western Midstream.
James P. Bailey, Jr.,
Chad Beck and Rich Claussen with Cushman & Wakefield
represented Western Midstream Partners, LP while Robert S. Parsley, Norman V. Munoz and Jillian Fredericks with Colliers International
represented The Howard Hughes Corporation in-house.
About The Woodlands®
The
Woodlands is a 28,000-acre master planned community located
27 miles north of downtown Houston. Throughout its 46-year history,
The Woodlands has led the way
among master planned communities that practice environmental
preservation. It is home to 118,000 people, and over 68,000 people
work in the community. The
Woodlands is one of the most successful master planned
communities in Texas and the
nation. The Woodlands was named
"Trailblazer of the Year" in 2018 by the Greater Houston Builders
Association. The community was also named "Humanitarian of the
Year" in 2019, 2017, 2016 and 2007 and "Master Planned Community of
the Year" in 2015, 2010 and 2007 by the Greater Houston Builders
Association. For more information, visit
www.thewoodlands.com. For additional details, find us on
Facebook, Twitter, Instagram and LinkedIn.
About The Howard Hughes Corporation®
The
Howard Hughes Corporation owns, manages and develops commercial,
residential and mixed-use real estate throughout the U.S. Its
award-winning assets include the country's preeminent portfolio of
master planned cities and communities, as well as operating
properties and development opportunities 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,
Hawaiʻi. The Howard Hughes Corporation's portfolio is strategically
positioned to meet and accelerate development based on market
demand, resulting in one of the strongest real estate platforms in
the country. Dedicated to innovative placemaking, the company is
recognized for its ongoing commitment to design excellence and to
the cultural life of its communities. The Howard Hughes Corporation
is traded on the New York Stock Exchange as HHC. For additional
information visit www.howardhughes.com.
Contacts at The Howard Hughes
Corporation
Lorrie Parise,
281-719-6344
Director of PR and Community Relations, The Woodlands
lorrie.parise@howardhughes.com
Kim Phillips, 281-719-6174
Vice President, Marketing, Houston
Region
kim.phillips@howardhughes.com
Cristina Carlson,
646-822-6910
VP, Corporate Communications and Public Relations
cristina.carlson@howardhughes.com
The Howard Hughes Corporation Investor Relations
David O'Reilly, 214-741-7744
Chief Financial Officer
david.o'reilly@howardhughes.com
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SOURCE The Howard Hughes Corporation