Koti Vadlamudi Of Primoris Services Leases 25,352 Square Feet Office In Sugar Land For 2027
2150 Town Square Place
Building Size
25,352 SF
Asset Type
Office
Closing
Aug 14, 2026
About this deal
AI
The property involved is an office asset located at 2150 Town Square Place in Sugar Land, TX, encompassing a total square footage of 25,352. The lease has been finalized, and Primoris Services will occupy the 8th floor starting in 2027.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2150 Town Square Place
- Market: Sugar Land, TX
- Tenant: Koti Vadlamudi - Primoris Services
- Broker Representatives: Bubba Harkins, Jenny Sealy & Joel Douthit - CBRE
In this transaction, Primoris Services was self-represented during the lease negotiations. The landlord's interests were represented by Bubba Harkins, Jenny Sealy, and Joel Douthit from CBRE. The lease is part of a broader redevelopment plan for Sugar Land Town Square, which includes a $12.5 million reinvestment approved by the City of Sugar Land in 2025.
On the Map
Office
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Sugar Land Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93