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Mark Butts Of CB&I Leases 43000 Square Feet At 1725 Hughes Landing Boulevard In The Woodlands

Property Image
LEASED
Scott Fikes
Jack Russo
Steve Hesse

Texas

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Mixed-use43,000 SF
Leased 08/30/2024
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Property Image
LEASED

Mark Butts Of CB&I Leases 43000 Square Feet At 1725 Hughes Landing Boulevard In The Woodlands

1725 Hughes Landing Boulevard

See Similar Deals
Mixed-use43,000 SF
Leased 08/30/2024
Scott Fikes
Jack Russo
Steve Hesse
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:43,000 SF
Transaction Type:Lease

The property asset involved is a mixed-use space located at 1725 Hughes Landing Boulevard in The Woodlands, featuring a total square footage of 43,000. The landlord of the property is Howard Hughes Holdings, with David O’Reilly representing the landlord in this transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 1725 Hughes Landing Boulevard
  • Market: The Woodlands
  • Landlord: David O’Reilly - Howard Hughes Holdings
  • Tenant: Mark Butts - CB&I
  • Brokers: Jack Russo, Scott Fikes & Steve Hesse - JLL

CB&I is leasing the space and moving 150 employees back to The Woodlands area after having relocated in 2018 following a merger with McDermott. In a strategic move, Howard Hughes is focusing on its real estate operations, which includes spinning off non-core assets while exploring a buyout possibility by investor Bill Ackman.

Players

Jack Russo
JLL
Jack Russo
5 deals
BROKER
Scott Fikes
JLL
Scott Fikes
2 deals
BROKER
Steve Hesse
JLL
Steve Hesse
1 deal(713) 425-5874
BROKER

Details

LEASED
IMAGE: David O’Reilly, Mark Butts, Jack Russo, Scott Fikes & Steve Hesse DATE: 08/30/2024 ADDRESS: 1725 Hughes Landing Boulevard MARKET: The Woodlands ASSET TYPE: Mixed-use ~ SF: 43,000 LANDLORD: David O’Reilly - Howard Hughes Holdings (@HowardHugheshq) TENANT: Mark Butts - CB&I BROKERS: Jack Russo, Scott Fikes (@ScottFikes) & Steve Hesse - JLL (@JLL) NOTE: CB&I is leasing 43,000 square feet at Hughes Landing in The Woodlands, moving 150 employees back to the area after relocating in 2018 following its merger with McDermott. Meanwhile, Howard Hughes is doubling down on its real estate focus, spinning off non-core assets and exploring a potential buyout by investor Bill Ackman. -HowardHughesHoldings

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Deal Type
Effective Rent (Annual)

$2,464,734.05

Total Lease Value

$24,647,340.52

Net Landlord Cash Flow$2,464,734.05