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2150 Town Square Place

Koti Vadlamudi Of Primoris Services Leases 25,352 Square Feet Office In Sugar Land For 2027
LEASEDOffice

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

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:

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.

Players

Henry Harkins

CBRE

Broker

6 deals

Broker
Primoris Services
Primoris ServicesBuyer
Koti Vadlamudi

Koti Vadlamudi

Primoris Services

Tenant

1 deal

Tenant

Sugar Land Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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