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1725 Hughes Landing Boulevard

The Howard Hughes Corporation Secures Class A Office Leases At Hughes Landing In The Woodlands
LEASEDOffice

The Howard Hughes Corporation Secures Class A Office Leases At Hughes Landing In The Woodlands

1725 Hughes Landing Boulevard

Building Size

84,725 SF

Asset Type

Office

Closing

Jun 28, 2023

AI

The Howard Hughes Corporation has secured three new Class A office leases at 1725 Hughes Landing Boulevard in The Woodlands. The property is comprised of 84,725 square feet of office space and is located in a market known for its scenic views of Lake Woodlands. The amenity-rich environment has attracted companies such as Ring Energy, Inc., Haynes & Boone, LLP, Plus Power, LLC, and Webber, LLC.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1725 Hughes Landing Boulevard
  • Market: The Woodlands
  • Tenants: Ring Energy, Inc., Haynes & Boone, LLP, Plus Power, LLC, and Webber, LLC

Colliers represented the landlord, The Howard Hughes Corporation, in the leasing deal. The landlord's representatives involved in the transaction were Robert S. Parsley, Norman V. Munoz, and Jillian Fredericks. On the tenant side, Partners (Charlie Neuhaus and Harry Holmes), Transwestern (Sanders Thompson), CBRE (Abby Alford and Lucian Bukowski), and JLL (Jerrod McQuain, Paul Penland, and Mark Reilly) represented Ring Energy, Inc., Haynes & Boone, LLP, Plus Power, LLC, and Webber, LLC, respectively.

NOTE: The companies were attracted to the property's amenity-rich environment and scenic views, contributing to the lease agreements.

Players

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker

Jim Carman

Howard Hughes Corporation

Landlord

2 deals

Landlord

Texas Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93