Howard Hughes Communities™ Announces New 28,000-Square-Foot Lease with NAES Corporation at Hughes Landing®

THE WOODLANDS, TX -- Howard Hughes Communities, the real estate platform of Howard Hughes Holdings (NYSE: HHH), today announced that NAES Corporation, an independent services company that optimizes the performance, reliability, and efficiency of power generation facilities, has leased more than 28,000 square feet at 1725 Hughes Landing for its new central region hub in The Woodlands.

NAES’ expanded presence will bring additional operations and technical jobs to the community. The new location will house the company’s Performance Center, supporting remote operations, performance monitoring and diagnostics, reliability engineering, optimization services, and AI-driven operational intelligence.

“This lease reflects the broader momentum we continue to see in The Woodlands office market, where companies are prioritizing high-quality workplaces in communities that offer a strong talent base, connectivity, and a differentiated employee experience,” said Alex Hancock, Senior Vice President, Sales and Leasing for Howard Hughes Communities. “NAES’ decision to expand at Hughes Landing not only reinforces the strength of our office portfolio, but also brings additional jobs and long-term business investment to The Woodlands.”

NAES currently occupies space as a subtenant at 1735 Hughes Landing and chose to expand and establish a direct long-term presence within Hughes Landing as it invests in its next phase of growth. Citing strong employee engagement and the strategic advantage of being closer to its customer base, the company’s decision reflects the

advantages of operating in a master planned community that combines a business-friendly environment with quality-of-life amenities and access to one of the nation’s leading energy and industrial markets.

“This decision marks an important milestone for NAES, positioning us for our next phase of growth,” said Mark Dobler, President and CEO of NAES. “By bringing together our corporate leadership and technology-enabled operations teams in a centralized hub, we are strengthening our ability to support customers with real-time monitoring, reliability engineering, optimization services, and emerging AI-driven capabilities. We look forward to growing in The Woodlands and deepening our commitment to one of the nation’s leading energy and industrial markets.”

NAES was represented by Lucian Bukowski of Stream Realty Partners and Kip Durrell of CBRE, and Howard Hughes Communities was represented by Jillian Fredericks, Joel Douthit and John Spafford of CBRE.

For more information on commercial offerings in The Woodlands, visit thewoodlands.com.