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Howard Hughes

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Howard Hughes Communities™ Announces New 28,000-Square-Foot Lease With NAES Corporation at Hughes Landing®

New NAES location underscores continued demand for high-quality office space and brings additional jobs and operations to The Woodlands®

THE WOODLANDS, Texas (July 9, 2026) – Howard Hughes Communities, the real estate platform of Howard Hughes Holdings (NYSE: HHH), today announced that NAES Corporation, an independent services company that optimizes the performance, reliability, and efficiency of power generation facilities, has leased more than 28,000 square feet at 1725 Hughes Landing for its new central region hub in The Woodlands.

NAES’ expanded presence will bring additional operations and technical jobs to the community. The new location will house the company’s Performance Center, supporting remote operations, performance monitoring and diagnostics, reliability engineering, optimization services, and AI-driven operational intelligence.

“This lease reflects the broader momentum we continue to see in The Woodlands office market, where companies are prioritizing high-quality workplaces in communities that offer a strong talent base, connectivity, and a differentiated employee experience,” said Alex Hancock, Senior Vice President, Sales and Leasing for Howard Hughes Communities. “NAES’ decision to expand at Hughes Landing not only reinforces the strength of our office portfolio, but also brings additional jobs and long-term business investment to The Woodlands.”

NAES currently occupies space as a subtenant at 1735 Hughes Landing and chose to expand and establish a direct long-term presence within Hughes Landing as it invests in its next phase of growth. Citing strong employee engagement and the strategic advantage of being closer to its customer base, the company’s decision reflects the advantages of operating in a master planned community that combines a business-friendly environment with quality-of-life amenities and access to one of the nation’s leading energy and industrial markets.

“This decision marks an important milestone for NAES, positioning us for our next phase of growth,” said Mark Dobler, President and CEO of NAES. “By bringing together our corporate leadership and technology-enabled operations teams in a centralized hub, we are strengthening our ability to support customers with real-time monitoring, reliability engineering, optimization services, and emerging AI-driven capabilities. We look forward to growing in The Woodlands and deepening our commitment to one of the nation’s leading energy and industrial markets.”

NAES was represented by Lucian Bukowski of Stream Realty Partners and Kip Durrell of CBRE. JLL represented Howard Hughes Communities in the transaction.

For more information on commercial offerings in The Woodlands, visit thewoodlands.com.

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About NAES Corporation

NAES is an independent services company dedicated to optimizing the performance of energy facilities across the power generation and industrial landscape. Founded in 1980, NAES and it’s more than 3,000 team members bring decades of experience in operations, maintenance, construction, engineering, and technical support to build, operate, and maintain both traditional and renewable energy facilities. NAES leverages a diverse customer base and a wide range of operational requirements to deliver tailored, high-value solutions. This reach and expertise enable NAES to operate and optimize critical energy infrastructure, helping customers improve reliability, efficiency, and long-term asset performance.

About The Woodlands®

The Woodlands is a Howard Hughes community spanning 28,500 acres, located 27 miles north of downtown Houston. Home to nearly 125,000 residents and over 70,000 employees, The Woodlands combines award-winning residential neighborhoods with a thriving commercial core that includes Class A office towers, shopping, dining, hospitality, and world-class healthcare. With 36% of its land preserved as open green space, The Woodlands offers an exceptional balance of urban amenities and natural beauty and is pre-certified under the LEED for Cities and Communities program, reflecting its leadership in sustainable community development. Consistently ranked among the best places to live in America, The Woodlands is a model for sustainable growth and economic vitality. Learn more at thewoodlands.com.

About Howard Hughes Communities™
Howard Hughes Communities, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), develops, owns, and operates the nation’s premier large-scale master planned communities and mixed-use developments. The company’s award-winning assets include The Woodlands®, Bridgeland®, and The Woodlands Hills® in Greater Houston; Summerlin® in Las Vegas; Teravalis™ in Greater Phoenix; Ward Village® in Honolulu; and Merriweather District in Columbia, Maryland. The Howard Hughes Communities portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. For additional information, visit communities.howardhughes.com.

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