JLL announced today LGI Homes has signed a 22,263-square-foot headquarters lease renewal and expansion at Town Center I. The Houston-based homebuilder will occupy the entire fourth floor of the six-story 140,000-square-foot Class A office building.

JLL Executive Vice Presidents John Pruitt and Chrissy Wilson represented the landlord, BIT Holdings Forty-Six Inc. in the transaction. Damon Palermo of Palermo Corporate Real Estate Advisors represented the tenant. 

Located in the heart of The Woodlands at 1450 Lake Robbins Drive, Town Center I is within walking distance to restaurants, The Woodlands Mall, and the Waterway Entertainment District. 

“The Woodlands is known for amenities such as waterway views, green spaces, walking trails, shopping and a wide range of restaurants,” said Pruitt. “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.” 

Features of the property include convenient access to Interstate 45 and the Hardy Toll Road, on-site property management, and dedicated, free covered parking.

According to JLL research, market conditions in The Woodlands improved slightly at year-end. Vacancy decreased to 19.2 percent and the submarket recorded 80,000 square feet of positive net absorption in the fourth quarter of 2017.