By Timea Papp
LGI Homes has completed a lease renewal and headquarters expansion at Town Center I, a 140,000-square-foot office building in The Woodlands. The homebuilder will occupy the entire fourth floor of Town Center I, which spans 22,262 square feet.
JLL closed the deal on behalf of the landlord. According to Yardi Matrix, the owner of the property is AFL-CIO Building Investment Trust Palermo Corporate Real Estate Advisors represented the tenant.
Located at 1450 Robbins Drive, the Class A, six-story building completed in 1998 is ENERGY STAR-rated. The property offers on-site property management services, full-service banking and ample covered parking.
“The Woodlands is known for amenities such as waterway views, green spaces, walking trails, shopping and a wide range of restaurants,” JLL Vice President John Pruitt said in prepared remarks. “The surrounding amenities, coupled with the enduring Class A design and construction of Town Center I, continue to make this property a sought-after, long-term location for office users.”
Situated in the heart of The Woodlands, the property provides easy access to Interstate 45 and Hardy Toll Road. Town Center I is within walking distance of numerous dining and shopping venues, including The Woodlands Mall and Waterway Entertainment District.
The team of brokers arranging the deal included Executive Vice Presidents Pruitt and Chrissy Wilson of JLL and Managing Principal Damon Palermo of Palermo Corporate Real Estate Advisors. Earlier this month, JLL represented an investment banking firm in relocating its headquarters to Woodway Center, an office high-rise in Houston’s Tanglewood submarket.
Image courtesy of JLL