A fund managed by CIM Group has provided a US$127 million loan to The Howard Hughes Corp. to refinance a 649,406-square-foot (60,331-square-meter) Class A office campus at Hughes Landing in The Woodlands, Texas.
Built in 2015, 1725 and 1735 Hughes Landing are 13- and 12-story office towers, respectively. The buildings are situated within Hughes Landing, a 79-acre (31-hectare) mixed-use development on Lake Woodlands within The Woodlands Town Center, the walkable urban core of The Woodlands, a 28,500-acre (11,533-hectare) master-planned community.
Tenants have access to a variety of amenities, including a fitness center, multiple conference facilities and an employee cafeteria, in addition to the numerous restaurants and retail stores at the adjacent Restaurant Row.
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