First Community Credit Union has acquired the former Noble Energy Center Two, securing a new headquarters location in the Vintage Park/Tomball area of Houston. The 470,623-square-foot Class A office tower will house the credit union’s main offices, which are currently located at 15260 FM 529 Road. The move represents a consolidation of headquarters functions into a larger, modern office asset in northwest Houston.
The property, located at 1002 Noble Energy Way, is a 20-story tower set on more than four acres. Trammell Crow Co. and Principal Real Estate Investors developed the building, following their purchase of Noble Energy Center One in 2011. Construction was completed in 2015, positioning the asset among the newer Class A office options in the surrounding submarket.
Commercial Edge data cited in the report indicate that Noble Energy Center Two previously traded in 2023. In that earlier transaction, Acquest Development acquired the property from CalSTRS for $100.7 million. Wilmington Trust originated a $70.4 million loan in connection with the 2023 sale, underscoring the tower’s ability to attract institutional capital and balance-sheet lending.
In the current acquisition by First Community Credit Union, representation and marketing roles were handled by multiple brokerage professionals. Larry Cedillo of Cross Capital Realty represented the buyer. On the sales side, JLL Capital Markets marketed the office tower for sale, with a team that included Jeff Hollinden, Kevin McConn and Max Myers. The article does not disclose pricing or financing terms associated with the latest transaction.
Under First Community Credit Union’s ownership, approximately half of the building will be occupied by the credit union for its own operations. The remaining office space will be offered for lease to third-party tenants, creating a mixed-tenant environment anchored by an owner-occupier. This structure could provide ongoing income from leased space alongside the strategic benefit of a purpose-controlled headquarters. No details were provided on prospective tenants, lease terms or target rental rates for the balance of the tower.
The tower’s location in northwest Houston and its Class A profile may position it to capture demand from office users seeking newer space in the Vintage Park/Tomball area. While the article highlights the credit union’s headquarters relocation and the building’s transaction history, it does not specify any plans for redevelopment, changes in use or capital improvement programs at the property.
