NAES Corporation Signs Lease in The Woodlands

NAES Corporation inked a deal to stay in The Woodlands after subleasing office space at the Houston area master-planned community.

The energy service provider is leasing 28,000 square feet at 1725 Hughes Landing, a 13-story, 331,000-square-foot office building at 1725 Hughes Landing Boulevard, according to a release from Howard Hughes Communities, the real estate arm of master developer Howard Hughes Holdings.

Stream Realty Partners’ Lucian Bukowski and CBRE’s Kip Durrell represented NAES. CBRE’s Jillian Fredericks, Joel Douthit and John Spafford represented Howard Hughes.

NAES, which is headquartered in Issaquah, Washington, currently subleases space at 1735 Hughes Landing, a 12-story, 318,000-square-foot office building at 1735 Hughes Landing Boulevard, the release said. The tenant’s current office and future office are located in Hughes Landing, a 79-acre mixed-use development on Lake Woodlands that features seven office buildings.

Howard Hughes added to its office holdings in 2025 with the purchase of 7 Waterway, a 207,000-square-foot office building at 10101 Woodloch Forest Drive. It bought the property for $16.3 million, or $79 per square foot.

The Woodlands is a 28,500-acre master-planned community located about 30 miles north of Houston. Howard Hughes is also the developer behind Bridgeland in Houston, Summerlin in Las Vegas and Columbia in Maryland. The developer’s newest community is Teravalis, a master-planned community that will be located in Phoenix.

Howard Hughes announced earlier this year its partnership with the Houston Texans and Harris County to develop a new headquarters and practice facility as part of the 83-acre Toro District in Bridgeland, a Howard Hughes community northwest of Houston.

Bill Ackman’s Pershing Square Capital Management invested $900 million in Howard Hughes in 2025. The deal, which increased Pershing Square’s ownership stake to 47 percent, closed in May. Ackman’s vision is to turn the company into a “modern-day Berkshire Hathaway.”