Howard Hughes Holdings Inc. (NYSE: HHH) has announced the acquisition of Waterway Plaza II, a Class A office building located in The Woodlands Town Center in the Greater Houston area. Acquired for $19.2 million, the six-story building offers 142,448 square feet of rentable space and includes a 1,316-space parking garage. Currently occupied at 55%, Waterway Plaza II is expected to meet the high demand for office space in the area, with Howard Hughes aiming for a stabilized net operating income (NOI) of $3 million in the coming years. The building is LEED Silver and ENERGY STAR certified, providing both high visibility and accessibility. Howard Hughes Holdings is known for owning, managing, and developing commercial, residential, and mixed-use real estate across the U.S., with a strong emphasis on innovation and community enrichment.

Real Estate, Office Buildings,United States, Texas

https://www.globenewswire.com/news-release/2024/06/27/2905084/0/en/Howard-Hughes-Holdings-Inc-Acquires-Waterway-Plaza-II-Office-Building-in-the-Woodlands-Texas.html