Quality of life, excellent schools, and convenient customer access affirmed decision by longstanding energy company
Howard Hughes Holdings Inc. (NYSE: HHH) today announced that CB&I, a wholly owned unrestricted subsidiary of McDermott, will relocate its regional and global headquarters to Hughes Landing® in The Woodlands®. The 135-year-old company is the world’s leading designer and builder of energy-related storage facilities, tanks and terminals, and will move more than 150 of its 4,000 global employees into its new Class A office space at 1725 Hughes Landing beginning in September 2024.
CB&I—or Chicago Bridge & Iron Company, as the business was known for much of its long history—will occupy approximately 43,000 square feet at Hughes Landing, which features fitness facility options, access to walking trails, and an array of local restaurants. The location in The Woodlands also provides convenient access to I-45 and is close to many of CB&I’s customers, making it ideal for clients, customers, suppliers and other visitors. This is a return to The Woodlands for CB&I, which was headquartered in the community until 2018.
“Companies relocating to The Woodlands are a gratifying testimony to our commitment to creating a sustainable and business-friendly environment, complemented by world-class amenities and nature,” said Jim Carman, President of the Houston Region, Howard Hughes. “Great companies continue to recognize the advantages of relocating to The Woodlands, providing exceptional quality of life for their employees. We appreciate CB&I trusting Howard Hughes and The Woodlands with their new corporate home.”
The Woodlands features award-winning residential communities with highly ranked schools, world-class shopping, restaurants, entertainment, and more. This combination of thoughtfully planned, designed and executed amenities and services is cited among the top reasons why CB&I recognized The Woodlands as an ideal fit for its headquarters and its employees. A significant number of CB&I employees also reside in The Woodlands.
“Hughes Landing is a great example of how an office can be integrated into a more robust community,” said Mark Butts, Senior Vice President, CB&I. “Our employees look forward to rejoining and enriching the local community and calling The Woodlands home again. We value our partnership with Howard Hughes, who have helped us design a wonderful office space where our team can truly enjoy working and collaborating with colleagues.”
The Hughes Landing headquarters is a return to The Woodlands for CB&I, who previously headquartered in what is now Lake Front North in Hughes Landing from 2001 to 2018. Following a merger with McDermott in 2018, the combined company relocated to another Houston area location. CB&I has strategically located operations spanning across the globe to provide its customers world-class storage solutions for even the most complex energy and energy transition infrastructure projects. The company is most easily recognized for being the original designer and builder of elevated water storage tanks that dot the landscape in communities across the United States, including The Woodlands.
“CB&I has a great legacy in the oil & gas industry and many of their employees live in our community,” said Brad Bailey, Board of Directors, The Woodlands Township. “CB&I’s return underscores the strength of The Woodlands, where residents can live, work, play, learn and businesses can prosper. We are excited to welcome them back home.”
Steve Hesse with JLL represented CB&I, while Scott Fikes and Jack Russo with JLL represented Howard Hughes.