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

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:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: DML Capital
• Seller: Timothy J. Ballard - Buchanan Street Partners
• Brokers: Marty Hogan & Rick Goings - JLL
• Mortgage Brokers: Michael Johnson & Michael King - JLL

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.