Class A office tower in The Woodlands changes hands

HOUSTON, Jul. 14, 2025 – JLL announced today it has arranged the sale of 10001 Six Pines, a 200,000-square-foot, Class A office building in The Woodlands, Texas.

JLL represented the seller, Chevron Phillips Chemical, and procured the buyer, Beland Properties, LLC.

Completed in 2002 as the global headquarters for Chevron Phillips Chemical, 10001 Six Pines boasts eight stories of Class A office space with flexible floorplates, structured parking and 3.4 acres of additional land for future development.

10001 Six Pines is located in the heart of The Woodlands, approximately 27 miles north of Houston and 20 minutes from George Bush Intercontinental Airport. The property is adjacent to the Cynthia Woods Mitchell Pavilion and close to The Waterway, The Woodlands Mall and numerous lodging and residential options. Additionally, the property is just a few minutes from Interstate 45, providing north south access to downtown Houston, Lake Conroe and connections to The Beltway and Interstate 10.

The Woodlands continues to see healthy office market fundamentals, with total vacancy at 12.5%, the second lowest in the Houston MSA and below The Woodlands’ five-year quarterly average of 14.4%. Additionally, Q1 2025 sublease inventory decreased by 30% year-over-year. Looking ahead, The Woodlands is anticipated to see an uptick in leasing activity and maintain well-balanced market conditions.

JLL Capital Markets Managing Director Kevin McConn and JLL Brokerage Executive Vice President Jeff Cairns and Executive Managing Director Brandon Clarke represented the seller in the transaction.

“We had tremendous interest in this offering, particularly from owner-users, a trend we have witnessed throughout the last 24 months,” said McConn. “This was a rare value-add opportunity for the buyer to purchase a very high-quality asset in one of Houston’s strongest office submarkets and also have optionality in lease-up and use of the space.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Chevron Phillips Chemical is a petrochemical company formed in 2000 as a joint venture between Chevron Corporation and Phillips 66. For additional information, please visit” cpchem.com.