The Woodlands Towers at The Waterway is one of the office assets acquired by The Howard Hughes Corporation.
THE WOODLANDS, TX—The Howard Hughes Corporation recently acquired two class-AAA office towers, warehouse space and developable land from Occidental, providing it with highly sought-after premium office space. The acquisition increases The Howard Hughes Corporation's office portfolio within the master-planned community by approximately 50%, and reinforces its standing as the community's steward and largest stakeholder.
The $565 million transaction also includes the acquisition of Occidental's Century Park campus in the West Houston Energy Corridor, a 63-acre 1.3-million-square-foot campus with 17 office buildings, which The Howard Hughes Corporation will immediately remarket in line with its recently announced commitment to sell non-core properties and focus resources into the growth of its core business of master-planned communities.
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