Glazer Properties Acquires 193998 SF Property In Sugarcreek With Seller's Rep Mark Ledger And Others

One Sugar Creek Center is a 193,998-square-foot office building located at 1 Sugar Creek Center BLVD, Sugar Land in the Sugarcreek market. This Class A property, built in 1983 and renovated in 2017, includes a new lobby, upgraded security systems, enhanced elevator cabs, a new conference center, and refreshed landscaping. It sits on 4.5 acres and features amenities such as a deli, bank branch, and an outdoor patio with a cornhole court. The property was 90 percent leased at the time of sale to tenants including Comerica Bank, Wholesome Sweeteners, and Amerex Brokers Natural Gas.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: Not disclosed
• Address: 1 Sugar Creek Center BLVD, Sugar Land
• Market: Sugarcreek
• Square Footage: 193,998
• Seller: Equus Capital Partners Ltd.
• Buyer: Glazer Properties
• Seller's Representatives: Mark Ledger (Ltd), Martin (Marty) Hogan (JLL), Christopher Locatell (Ltd), Greg Chapin (Ltd), Johnny Kight (Fuller Realty Interests)
• Brokers: Danny (Dan) Miller

The transaction was handled by representatives from Equus and HFF, including Christopher Locatell, Mark Ledger, Greg Chapin, Marty Hogan, and Johnny Kight. The deal marked a significant transfer of ownership in an office property within the southwestern Houston suburbs, enhancing Glazer Properties' investment portfolio.