Business
Demand Continues for Office Space in The Woodlands® with New Leases Signed Totaling Five Full Floors of 9950 Woodloch Forest Tower
THE WOODLANDS, TX – The Howard Hughes Corporation® (NYSE: HHC) announced the signing of 133,948 square feet of office space at 9950 Woodloch Forest Tower in The Woodlands®, reflecting the ongoing demand for office space in The Woodlands.
The iconic office tower, one of two buildings comprising The Woodlands Towers at The Waterway, is welcoming new tenants Kodiak Gas Services, LLC, Kraton Corporation, and US Oncology, Inc., as well as an expansion by Western Midstream Partners, LP, with new leases spanning five full floors of the tower as companies continue to be drawn to The Woodlands’ business-friendly environment with low taxes, world-class amenities, open space and urban walkability.
“The demand for office space within The Woodlands Towers at The Waterway has been notably robust as businesses look to create an office environment that attracts today’s highly skilled, educated employees while providing opportunities for long-term growth,” said Jim Carman, President of the Houston Region for The Howard Hughes Corporation. “Office leasing momentum in The Woodlands remains strong, with a vacancy rate nearly half the level being experienced in Houston’s central business district, exemplifying the flight to quality that is attracting companies across various industries to our community.”
Amenities in The Woodlands Towers at The Waterway focus on health and wellness, including a two-story, 19,000-square-foot fitness center with a full-size court for basketball, volleyball, and pickle ball, a sprint track, premier cardio and weight equipment, and fully equipped locker rooms. A 33,000-square-foot multipurpose rooftop terrace is designed for social events, relaxation and recreation, conveniently located adjacent to conference facilities spanning nearly 9,000 square feet. The 9950 Woodloch Forest Tower entrance and lobby café overlook The Woodlands Waterway®.
Located in the heart of The Woodlands Town Center, The Woodlands Towers at The Waterway offers convenient pedestrian access to outdoor spaces, shopping, dining, hotels and entertainment, including The Cynthia Woods Mitchell Pavilion—ranked by Pollstar as the #2 Best Outdoor Amphitheater in the World for tickets sold in 2022.
The appeal of The Woodlands is further exemplified by its walkable urban setting, highlighted by an unprecedented 28% of open green space. Employees and employers are attracted to The Woodlands, which has garnered the prestigious ranking as the #1 Best Community to Live in America in 2021 and 2022 by Niche.
Kodiak Gas Services, LLC, Kraton Corporation, US Oncology, Inc., and Western Midstream Partners, LP, represent diverse industries, including compression services, specialty polymers production, cancer care network, and midstream energy assets.
Kodiak Gas Services, LLC, a leading operator of contract compression infrastructure in the United States, is relocating its corporate headquarters from Montgomery, Texas to The Woodlands. The company has leased two floors of the Tower, totaling 53,060 square feet.
Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased performance products derived from renewable resources, is relocating from North Houston and will occupy one full floor with 27,179 square feet.
US Oncology, Inc. has leased one full floor with 26,530 square feet. The company empowers the delivery of advanced integrated cancer care through its network of independent physicians who share expertise and resources to provide quality, value-based care close to home. The company is relocating its offices from 10101 Woodloch Forest Drive in The Woodlands.
Western Midstream Partners, LP acquires, owns, develops, and operates midstream energy assets and has leased an additional full floor with 27,179 square feet for a total of 133,960 square feet of office space within 9950 Woodloch Forest Tower.
Howard Hughes continues to offer compelling leasing options throughout The Woodlands with flexible office space and build-to-suit opportunities in an urban walkable setting.
Kodiak Gas Services, LLC, was represented by Anthony Squillante and Drew Coupe with Avison Young. Kraton Corporation was represented by Reggie Beavan, Adam Grimm and Audrey Selber with Newmark. US Oncology, Inc., was represented by Steve Andrews with Fischer. Western Midstream Partners, LP, was represented by Chad Beck with Cushman & Wakefield. The Howard Hughes Corporation was represented by Robert S. Parsley, Norman V. Munoz and Jillian Fredericks with Colliers.
The Woodlands, a 28,500-acre award-winning master planned community located 27 miles north of downtown Houston, was recognized two consecutive years, 2022 and 2021, as the #1 Best Community to Live in America by Niche. The Woodlands offers an unprecedented 28% of green space, leading the way among master planned communities that practice environmental preservation. It is home to 120,000 people, and nearly 64,000 people work in the community. The Woodlands has received numerous past accolades including the Vision Award, Development of Distinction from the Urban Land Institute; three-time honoree of “Master Planned Community of the Year,” four-time recipient of “Humanitarian of the Year” and “Trailblazer of the Year” in 2018 by the Greater Houston Builders Association; American Trails Developer Award; Environmental Planning Award from the American Society of Landscape Architects, Texas Chapter Houston Section. The Woodlands is a community of The Howard Hughes Corporation®, which supports over 180 local causes in the Houston region through its HHCares program. For additional details, find us on Facebook, Twitter, and Instagram. The Woodlands is a community of The Howard Hughes Corporation, which supports over 180 local causes in the Houston region through its HHCares program. For more information, visit thewoodlands.com. For additional details, find us on Facebook and Twitter.
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 communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix. 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.
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