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1600 & 1650 Highway 6
SOLD

DML Capital Acquires Office Campus In Sugar Land From Timothy J. Ballard

1600 & 1650 Highway 6

Office
342,110 SF
clock iconSold 78 days ago
Michael Johnson
Martin (Marty) Hogan
Rick Goings
+ 2
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Summary

Sale
TEXAS
Office
342,110 sqft

The Offices at Kensington, a Class A office complex located at 1600 & 1650 Highway 6 in Sugar Land, Texas, was acquired by DML Capital from Buchanan Street Partners. The property spans 171,055 square feet and sits on a 9.6-acre lot. The campus, completed in 1998, boasts an 84.1% occupancy rate and is home to notable tenants like Freed, Mangan, and Edelman Financial Engines.

Summary of transaction details:

Notable individuals and companies involved in the deal include Marty Hogan and Rick Goings from JLL, who represented the buyer and seller on the transaction. Additionally, the mortgage brokers responsible for facilitating the deal were Michael Johnson and Michael King, also from JLL. The acquisition of The Offices at Kensington strengthens DML Capital's presence in the bustling Sugar Land market, adding a prime office asset to their portfolio.

Players

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    5

  • Agents

    4

  • Agencies

    1

Michael Johnson's profile picture
Michael Johnson
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Senior Director
Rick Goings's profile picture
$46M Sold

Details

Deal Summary
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SOLD
IMAGE: Timothy J. Ballard, Marty Hogan, Rick Goings, Michael Johnson & Michael King DATE: 03/07/2024 ADDRESS: 1600 & 1650 Highway 6 MARKET: Sugar Land ASSET TYPE: Office ~ SF: 171,055 ~ ACRES: 9.6 BUYER: DML Capital SELLER: Timothy J. Ballard - Buchanan Street Partners (@BuchananStreetPartners) BROKERS: Marty Hogan & Rick Goings - JLL (@JLL) MORTGAGE BROKERS: Michael Johnson & Michael King - JLL NOTE: DML Capital acquired The Offices at Kensington, a two-building campus in Sugar Land, Texas, totaling 171,055 square feet, from Buchanan Street Partners. Situated at 1600 and 1650 Highway 6, the Class A office complex, completed in 1998, is 84.1% leased and features tenants like Freed, Mangan, Edelman Financial Engines, and others.

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Address1600 & 1650 Highway 6

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