Centric Leases at 9950 Woodloch Forest Tower

By: Lorrie Parise
| Published 10/05/2022


THE WOODLANDS, TX -- The Howard Hughes Corporation® (NYSE: HHC) today announced Centric Infrastructure Group will relocate its corporate headquarters to 9950 Woodloch Forest Tower, part of The Woodlands® Towers at The Waterway. Expanding their headquarters to occupy multiple floors at the Class AAA tower, the company joins the 33 businesses that have relocated, moved or expanded since 2020 into The Woodlands, named the Best Community to Live in America for the past two consecutive years by Niche.

Robust Leasing Momentum Continues at Class AAA 9950 Woodloch Forest Tower

Centric Infrastructure Group is one of the fastest-growing natural gas and fiber optic telecommunication companies in Texas, and the company’s relocation to 9950 Woodloch Forest Tower allows them to centralize operations and realize additional efficiencies as they meet their needs as an expanding business. The Woodlands Towers at The Waterway was selected for its convenient location in the heart of The Woodlands Town Center, offering employees both easy commuting access and adjacency to the urban walkability, retail, dining and entertainment along the The Woodlands Waterway®.

“It is humbling to see the transformative growth that Centric has achieved over the last few years,” noted Robert Barnwell IV, President & CEO of Centric Infrastructure Group. “I am grateful to the whole Centric team for all it has achieved so far and all that I know it can achieve in the future. I’m also grateful for the opportunity to work with our friends at Howard Hughes. We share their ambition to shape the communities of tomorrow and look forward to a long and successful collaboration at The Woodlands Towers.”

“Centric’s success and rapid growth is founded on our core values – innovation, integrity, excellence, teamwork – and above all, the hard work and dedication of our employees,” added Richard Oussedik, Chief Operating Officer, Centric Infrastructure Group. “We want to be the best at what we do, delivering high quality infrastructure to the communities we serve. We know that Howard Hughes shares those values, so it felt very natural to partner with them to look for our new home. Our whole team is looking forward to many successful years in The Woodlands’ premier office space!”

The Woodlands Towers at The Waterway, the largest Class AAA office buildings in Montgomery County, are 82% leased, attracting diverse tenants from fields including oil and gas, bitcoin management, commercia real estate brokerage, cyber intelligence, insurance, legal, real estate development, renewable energy, skincare, technology, utilities and wealth management.

“We are excited for Centric Infrastructure Group to join us at The Woodlands Towers at The Waterway—an exceptional setting that delivers a premier office space experience designed to meet the needs of dynamic companies like Centric who are growing and attracting today’s valued employees,” said Jim Carman, President of the Houston Region for The Howard Hughes Corporation. “Strong leasing momentum continues at The Woodlands Towers at The Waterway, thanks to the flexibility and opportunities for expansion and long-term growth that the location offers to businesses today, along with the towers’ convenient access to all the walkable urban amenities found along The Woodlands Waterway.”

The Woodlands Towers at The Waterway are LEED® Silver and Energy Star® Certified Class AAA office buildings and received the prestigious Builder Owners and Management Association (BOMA) 360 Performance Program designation. Amenities at the towers focus on health and wellness and include a two-story, 19,000-square-foot fitness center with convenient walkability along The Woodlands Waterway near urban residential enclaves, shopping, dining, entertainment, and hospitality. 9950 Woodloch Forest Tower features a 33,000-square-foot multipurpose rooftop terrace with available conference facilities.

Centric Services, Inc. was represented by Paul Penland and Jerrod McQuain of JLL. The Howard Hughes Corporation was represented by Robert S. Parsley, Norman V. Munoz, and Jillian Fredericks with Colliers.

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