Business
Three New Leases in Hughes Landing® Exemplify Strong Demand for Office Space in The Woodlands®
THE WOODLANDS, TX – The Howard Hughes Corporation® (NYSE: HHC) announced the signing of three new Class A office leases at Hughes Landing® in The Woodlands® by Ring Energy, Inc., Haynes and Boone, LLP, and Plus Power, LLC. In addition, Webber, LLC has renewed its 46,164-square-foot lease. Hughes Landing continues to meet the demand for Class A office space with its appeal to corporations of all sizes attracted to the amenity-rich environment with picturesque views of 200-acre Lake Woodlands.
Hughes Landing is a 79-acre award-winning lifestyle destination overlooking Lake Woodlands and currently includes seven Class A office buildings. In addition to office, Hughes Landing features diverse dining options along Restaurant Row, shopping anchored by Whole Foods® Market, Embassy Suites by Hilton, luxury multifamily residences at One Lakes Edge® and Two Lakes Edge, ongoing entertainment including live music at Hughes Landing Band Shell, and outdoor art installations.
With its urban walkable setting, Hughes Landing focuses on health and wellness activities including water sports offered at the Lakes Edge Boat House including kayaks, stand-up paddle boards, and water bike rentals, as well as access to hike-and-bike trails.
“The unique and engaging setting of Hughes Landing provides a range of benefits for businesses and their employees. The urban walkability within Hughes Landing allows for easy access to amenities in a vibrant atmosphere with panoramic views of Lake Woodlands enhancing the overall experience,” said Jim Carman, President of the Houston Region for The Howard Hughes Corporation. “The combination of low taxes, world-class amenities, open spaces and high quality of life in The Woodlands make it an appealing choice for companies looking to offer their employees an outstanding work environment.”
The new leases in Hughes Landing, representing diverse industries, show the continued strength of demand for Class A office space at Hughes Landing. Ring Energy, Inc., an oil and natural gas exploration and production company, has leased 24,002 square feet to expand its headquarters at 1725 Hughes Landing. Haynes and Boone, LLP, a corporate law firm, relocated within The Woodlands and has leased 7,568 square feet at Two Hughes Landing. Plus Power, LLC which develops battery energy storage systems that enable a more efficient and reliable electrical grid, has leased 6,991 square feet at Three Hughes Landing. Webber, LLC, a construction and infrastructure management company, renewed its multifloor lease at 1725 Hughes Landing.
Strong office leasing performance in The Woodlands showcases the attractiveness of the community, with an office vacancy rate nearly half the level being experienced in Houston’s central business district indicating a high demand for greater quality office space surrounded by abundant amenities. The recent leases of Ring Energy, Inc., Haynes and Boone, LLP, and Plus Power and earlier leases of over 28,000 square feet by Venturi Engineers and White Fleet Abandonment, LLC in Hughes Landing further contribute to the positive trend in office leasing.
Ring Energy, Inc., was represented by Charlie Neuhaus and Harry Holmes with Partners. Haynes and Boone, LLP, was represented by Sanders Thompson with Transwestern, and Plus Power, LLC was represented by Abby Alford and Lucian Bukowski with CBRE. Webber, LLC was represented by Jerrod McQuain, Paul Penland, and Mark Reilly with JLL. 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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