JLL announces that 10001 Six Pines is for sale

THE WOODLANDS, TX – Jones Lang LaSalle (“JLL”) is pleased to present for sale a 100 percent fee simple interest in 10001 Six Pines, a roughly 200,000-square-foot Class A office building in a highly accessible location within The Woodlands submarket.

10001 Six Pines is currently the American headquarters of Chevron Phillips Chemical Company, a petrochemical company jointly owned by Chevron Corporation and Phillips 66. The opportunity offers the ability to acquire a high quality, Class-A office property at an extremely attractive basis while enjoying a short-term leaseback from Chevron Phillips, granting an investor the unique ability to capture a wide tenant audience for future lease-up while enjoying roughly two years of risk-free cash flow during the marketing process. Additionally, the property includes approximately 3.4 acres of excess land that is ideally positioned on the corner of Six Pines Dr and Woodlands Pkwy, presenting a prime development parcel for commercial or residential use.

Following the completion of the sale, Chevron Phillips Chemical Company will lease the entire building through Q2 2025 at market rates. With roughly two years of risk-free cash flow, an investor is granted the extremely unique ability to market space at the building throughout the leaseback period in order to limit potential downtime risk.

The property lies directly between the Woodlands town Center and Hughes landing, offering the ideal location for all decision makers that live and work in the area. 10001 Six Pines also offers superior access from Woodlands Parkway and is only two minutes from I-45, meaning the property is convenient for those who commute into the Woodlands every day. 10001 Six Pines is supported by the robust demographics of the Woodlands. surrounding demographics are exceptionally strong and support the long-term value creation for commercial real estate.