Entergy & ExxonMobil Lease at Lake Front North
THE WOODLANDS, Texas -- The Howard Hughes Corporation® (NYSE:HHC) announced today that two industry giants, Entergy® and ExxonMobil, have signed separate leases for new office space at Lake Front North in Hughes Landing®, the award-winning mixed-use development bordering 200-acre Lake Woodlands in The Woodlands®, Texas.
Entergy, an integrated energy company engaged primarily in electric power production and retail distribution operations with more than 13,000 employees, has signed a new 54,010-square-foot lease occupying two floors in Building 2 at Lake Front North. ExxonMobil, the largest publicly traded international oil and gas company, has signed a new 26,103-square-feet on a single floor of Building 2 at Lake Front North. Both leases provide Entergy and ExxonMobil with needed additional space to meet their companies’ specific growing needs.
Recently formed by HHC’s recent acquisition of two former Chicago Bridge & Iron Company (CB&I) Class A office buildings, the campus of Lake Front North is situated on almost 13 acres on the east side of Lake Woodlands, offering multi-tenant leasing and build-to-suit opportunities in a spectacular lakefront setting, highlighting a serene waterfront park. Lake Front North provides convenient access points from Research Forest Drive and Grogan’s Mill Road, along with convenient access to I-45 and George Bush Intercontinental Airport.
The two new leases follow the recent signing by Arena Energy of an 87,231-square-foot lease at Lake Front North to establish a new company headquarters in The Woodlands for Arena Energy and its affiliate Arena Offshore. These new leases, together with Chicago Bridge & Iron Company’s (CB&I) existing 53,710 square feet of office space, make Lake Front North now 91% leased—and, combined with additional leases recently signed in The Woodlands, brings the HHC’s overall office portfolio in The Woodlands to 92.5% leased.
“Our recent acquisition of Lake Front North and the rapid pace at which the campus continues to lease, demonstrates the strong market demand for premium office space here in The Woodlands,” said Paul Layne, President of the Central Region for The Howard Hughes Corporation. “Howard Hughes is committed to serving the needs of corporations through office leasing and build-to-suit opportunities, and we are excited to continue to attract businesses to one of Houston’s best-performing submarkets.”
The campus is made up of the four-story Building 1, including a fitness center and locker rooms on the first floor, and the six-story Building 2, providing a multi-purpose conference room and an executive conference room, together offering 1,035 parking spaces within a covered garage. In addition to the two buildings, Lake Front North includes approximately 4.2 acres of the nearly 13 acres, designated for future development opportunity.
The Howard Hughes Corporation is currently offering multi-tenant leasing and build-to-suit opportunities. For more information on Lake Front North in Hughes Landing, visit www.LakeFrontNorth.com.
Entergy took occupancy during November 2018. ExxonMobil has targeted March 2019 as their move-in date.