Upcoming Stories
Texas CRE News In Your Inbox .

Texas   /   April 6, 2021

Lisa Brown
By: Lisa Brown

Sierra Pines II is The Woodlands’ Largest Office Lease in 12 Months

A 120,454-square-foot office lease at Sierra Pines II in The Woodlands follows Linde Engineering’s merger with Praxair to form the world’s largest industrial gases supplier. Linde is a global industrial gases and engineering company.

CBRE’s Kevin Saxe and Jon Lee represented Linde in the lease negotiations, which marks the largest office lease in The Woodlands in the past 12 months. The landlord, VEREIT, was represented by Brad Fricks of Stream Realty Partners.

“Linde had some specific operational needs for their space that needed to be balanced with the emphasis on their people and their work environment. CBRE’s task was to find the best possible solution for them. Given Linde’s stature with investment-grade credit, we were able to leverage non-traditional real estate financing structures, which resulted in significant cost reduction,” said Saxe.

Linde is occupying the second and third floors of Sierra Pines II, a six-story office building located at 1575 Sawdust Rd., between The Woodlands Town Center and the ExxonMobil campus.

Inside The Story
About the Author

Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author

New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release /