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Howard Hughes Holdings Inc. Acquires Waterway Plaza II Office Building in the Woodlands®, Texas
Howard Hughes Howard Hughes (US:HHH) GlobeNewswire News Room·2024-06-27 11:17

Core Insights - Howard Hughes Holdings Inc. has acquired Waterway Plaza II, a Class A office building in The Woodlands Town Center, for $19.2 million, which offers 142,448 rentable square feet and currently has an occupancy rate of 55% [1][2] Company Overview - Howard Hughes Holdings Inc. owns, manages, and develops a diverse portfolio of commercial, residential, and mixed-use real estate across the U.S., including master planned communities and operating properties [3] - The company is recognized for its commitment to design excellence and cultural life within its communities, positioning itself as a strong player in the real estate market [3] The Woodlands Community - The Woodlands is a 28,500-acre master planned community located 27 miles north of Downtown Houston, housing 123,000 residents and nearly 72,000 employees [4] - The community is noted for its environmental preservation, with 35% of dedicated open green space, and has received multiple accolades for its development and humanitarian efforts [4]