Newmark Grubb Knight Frank (NGKF) has been named exclusive leasing agent for a new 23,000-square-foot office building with ground-floor retail in The Woodlands, Texas, that is under construction and will be available for occupancy early next year.
The property is located at 26865 Interstate 45 and will be known as The Woodlands Gateway, according to Brandi McDonald, a senior managing director with NGKF in Houston.
“With Class A office occupancy at 98.4%, we anticipate intense demand from clients who will be zeroing in on a building with freeway visibility and the opportunity for signage,” said Ms. McDonald.
Developer, Jorge Molina Hill, said his company jumped at the opportunity to build in The Woodlands market, which has experienced extensive growth as retailers, energy companies and others are rapidly expanding to the burgeoning area. “We are certain that Woodlands Gateway fills a need - fills it with a new boutique-sized office and retail building that offers excellent visibility, accessibility, signage and class,” he added.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents.
Newmark Grubb Knight Frank’s integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.
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