New Leases and Expansions Highlight Growth Across Company’s Office Portfolio in The Woodlands®
THE WOODLANDS, TX (December 16, 2024) – Howard Hughes Holdings Inc. (NYSE: HHH) continues to drive growth in The Woodlands, securing strategic office leases that underscore the community’s dynamic business landscape. Notable fourth-quarter activity includes leasing success at a number of its premier office locations including Hughes Landing, the recently acquired Waterway Plaza II, and 3831 Technology Forest Drive. Howard Hughes’ office portfolio in The Woodlands is 90% leased, outperforming the overall Houston MSA, which is 75% leased, indicating a robust market.
“The exceptional leasing activity across our portfolio reflects The Woodlands’ position as a premier business destination,” said Jim Carman, President of the Houston Region at Howard Hughes. “These new commitments from both established and emerging companies demonstrate the strength of our market and the quality of our offerings.”
The new leases and expansions reflect a diverse mix of industries— chemical distribution, energy, financial services, healthcare, real estate, and technology—and include:
- Tachus, a leading fiber internet company, signed a 25,051 square foot lease for its primary headquarters at 3831 Technology Forest. Ryan Roth, JD McQuain, and Jerrod McQuain with JLL represented Tachus.
- Weaver and Tidwell, a national accounting and consulting firm, is expanding to 26,031 square feet at One Hughes Landing. Scott Morse and Katherine Jessen Pool with Citadel Partners represented Weaver and Tidwell.
- Beusa—and its family of companies – Evolution, Dynamis, Amp and Mertz – reflect dynamic energy companies, specializing in fracturing services, turbine power solutions, manufacturing/integration and services across the United States—recently expanded its operations, leasing an additional 14,000 square feet at Three Hughes Landing.
- Aktopa, a chemical distribution company specializing in providing its customers with a wide variety of chemical solutions, relocated its headquarters from Technology Forest to Two Hughes Landing, leasing 2,853 square feet. Aktopa, which has a regional office in Mexico and customers in other LATAM countries, represented themselves in the transaction.
- WorkHub Developments, a leading real estate developer specializing in flexible small-bay industrial space solutions has leased 2,507 square feet at Three Hughes Landing for their staff. The company handled the transaction independently.
- Sydenham Clinic, known for its excellence in personalized concierge health and longevity care, has secured a premier waterfront space at One Hughes Landing in The Woodlands. Shikha Honawar of JPAR Real Estate, Honawar Group represented the clinic in this transaction, aligning the location with Sydenham’s luxury and exclusivity.
- White Wing Wealth Management, a financial advisory firm, will relocate its wealth management services headquarters from Six Pines Drive to Waterway Plaza II, leasing 7,200 square feet. Ryan Dierker with Newcor Commercial Real Estate represented White Wing Wealth Management in the transaction.
Scott Fikes and Jack Russo with JLL represented Howard Hughes in all the transactions.
“Howard Hughes offers more than just premium workspace. It delivers an integrated lifestyle experience that today’s top companies seek for their employees,” added Alex Hancock, Senior Vice President, National Sales & Leasing at Howard Hughes. “The blend of world-class office space, urban walkability, and a sustainable, naturally wooded community, creates an unparalleled work-life balance that consistently attracts and retains prestigious organizations.”
Hughes Landing has distinguished itself as a vibrant 79-acre, award-winning mixed-use destination featuring seven Class A office buildings. With its multifaceted offerings including multifamily living, retail, restaurants, entertainment, and art, the development provides a walkable environment overlooking Lake Woodlands. Nearby, 3831 Technology Forest Drive serves as a four-story office building positioned in The Woodlands Innovation District, providing seamless access to retail, dining, and major transportation corridors including I-45. Complementing the Howard Hughes’ portfolio is the newly acquired Waterway Plaza II—a six-story Class A office building near The Woodlands Waterway®. Waterway Plaza II offers direct access to retail, dining, entertainment, world-class amenities, and urban residential living in The Woodlands Town Center, all in a walkable environment.