The two class-A buildings have a combined 257,025 square feet of office space, situated on 12.92 acres on the north side of Lake Woodlands, with approximately 3.4 acres designated for future development, according to the release.
“We currently have very little office space available to lease in our existing portfolio at Hughes Landing, and plan to begin construction on our next office building,” Howard Hughes Corporation President Grant Herlitz said in a statement. “The ability to purchase these buildings provides us with instant Class-A inventory at a time when we are seeing significant demand for space.”
The first building is a four-story structure that was built in 2003 and features 108,325 square feet of office space, a fitness center and locker rooms. The second building is a six-story structure that was built in 2014 and includes 148,700 square feet of office space, a conference room, executive conference room and data center.
The waterfront campus also includes a covered parking garage with 1,035 parking spaces. According to the release, The Howard Hughes Corporation is currently offering leasing for single- or multi-tenant opportunities.
“This acquisition presents an opportunity to expand the potential for commercial development of the award-winning Hughes Landing area and to attract businesses considering a strategic relocation to one of Houston’s best performing submarkets,” said Paul Layne, president of the Central Region for The Howard Hughes Corporation, in a statement.
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