Western Midstream Partners LP, a midstream energy asset management partnership, signed a lease to occupy the top five floors of 9950 Woodloch Forest Drive, one of The Woodlands Towers at The Waterway, The Howard Hughes Corp. announced March 19.
Western Midstream will occupy 133,948 square feet of the landmark tower, leaving the 595,000-square-foot building 35% leased. Howard Hughes is expected to move its own headquarters into the tower later this year. Occidental Petroleum Corp. recently signed a 13-year lease for 100% of the 808,000-square-foot tower at 1201 Lake Robbins Drive.
"We are pleased to have signed a new lease with The Howard Hughes Corporation and to retain our corporate office in The Woodlands Towers. This provides us with compelling economics, flexibility, and stability for our employees and avoids unnecessary relocation costs," said Craig Collins, Western Midstream's senior vice president and chief operating officer, in a statement.
Western Midstream, which previously listed its headquarters at Occidental's offices in the adjacent tower at 1201 Lake Robbins Drive, is expected to begin the move to its new office space in November, according to Howard Hughes. Western Midstream's assets are located in Texas, Pennsylvania and throughout the Rocky Mountain region, according to the partnership's website. 832-636-6000. www.westernmidstream.com