Nexeo Solutions Signs on as Major Tenant

THE WOODLANDS, Texas, Oct 25, 2011 (BUSINESS WIRE) --

The Howard Hughes Corporation (NYSE:HHC) today announced that The Woodlands Development Company (TWDC) will soon begin construction of 3 Waterway Square Place, a 192,000-square-foot, Class A, nine-story building in The Waterway Square District of The Woodlands Town Center, according to Alex Sutton, president of The Woodlands Development Company.

Situated at the corner of Lake Robbins Drive and Woodloch Forest Drive in the heart of The Waterway Square District, the Class A building has been designed by Elkus Manfredi of Boston, MA. The building is slated for completion in early 2013.

Nexeo Solutions, LLC recently signed a lease for the top three floors of the building, a total of 64,026 square feet. Nexeo Solutions, an independent global, chemicals, plastics, composites and environmental services distribution company is moving executive offices to The Woodlands and will occupy a total of approximately 45,000 square feet in temporary offices at 9303 New Trails Drive and 1400 Woodloch Forest Drive until construction of 3 Waterway Square Place is completed.

Nexeo chose to locate in The Woodlands because of the exceptional quality of life the community offers, a benefit that is extremely important to their employees transferring from the Midwest to the Greater Houston area. The image and amenities in The Waterway Square District, including retail, restaurants, hotels, and entertainment were other factors that impacted their decision to relocate senior leadership here, according to Sutton.

"The Waterway Square District has over 1 million square feet of Class A office space plus 127,000 square feet of retail that is fully leased, so there is a strong demand for new construction in this urban hub of The Woodlands Town Center," Sutton said.

The Waterway Square District encompasses 73 acres of prime commercial development along The Woodlands Waterway(R), a 1.4-mile long water feature and transportation corridor. At the center of the district is Waterway Square, a one-acre public plaza featuring The Fountains at Waterway Square(TM), unique multiple water features that are choreographed to music with colored lights at night.

Dan Bellow, Beau Bellow and Diana Dunlap of Jones Lang LaSalle represented Nexeo Solutions. Robert S. Parsley and Norman V. Munoz of Colliers International represented TWDC.