First Community Credit Union Buys Houston Office Building

A Houston credit union is trading its longtime digs for a 20-story office building in the city’s northwest corridor.

First Community Credit Union purchased the former Noble Energy Center Two at 1002 Noble Energy Way in the Vintage Park-Tomball area and will relocate its headquarters there from 15260 FM 529 near Highway 6, about 12 miles away, the Houston Business Journal reported. The deal closed last week, though the price was not disclosed.

The Class A building spans 470,623 rentable square feet and is part of a two-building campus connected by a skybridge, the outlet reported. Its sister property, Noble Energy Center One, traded in 2024 when Doug Agarwal’s Capital Commercial Investments acquired the 497,000-square-foot building and its adjacent garage for $18.2 million, or roughly $35 per square foot.

Larry Cedillo of Cross Capital Realty represented First Community in the acquisition. JLL brokers Jeff Hollinden, Kevin McConn and Max Myers marketed the property. The seller was Huntress One, an affiliate of New York-based Acquest Development, which had acquired the building in 2023 and was reportedly eyeing a $65 million sale at the time.

Noble Energy Center Two broke ground in 2013 and was completed in 2015 as part of Noble Energy’s suburban campus. After Chevron acquired Noble Energy in 2020, it consolidated employees downtown and began shedding the excess real estate.

First Community plans a phased move-in as it designs its space, ultimately occupying about half the tower and leasing the remainder to third-party tenants. The credit union framed the purchase as a long-term commitment to expanding its presence in the communities it serves.

The acquisition fits squarely into Houston’s growing owner-occupier trend. With vacancy elevated and landlords under pressure, office users have been buying rather than leasing. More than 2 million square feet of vacant space in Houston was purchased by owner-users in 2025, according to Partners Real Estate.

— Eric Weilbacher