Aziza Rehmatulla
HOUSTON, TX – JLL Capital Markets announced it has closed the sale of a 3,354-square-foot, single-tenant retail building ground-leased to Chick-fil-A in the Houston suburb of Sugar Land, Texas.
 |
| Brad Peterson |
JLL marketed the property on behalf of the seller, North American Development Group. Coral Cables-based Riverstone Capital Group purchased the asset.
Headquartered in College Park, Georgia, Chick-fil-A was
founded in 1946 and has grown to include more than 2,400 stores in 47 states
and Washington, D.C.
It
is the third-largest restaurant chain in the United States in terms of sales.
The Sugar Land location was constructed in 1996 and renovated in 2017.
Situated
on 1.08 acres at 2330 Highway 6, the retail building is within the Market at
Town Center, 2,265-acre, master-planned development and employment center in
Sugar Land.
 |
| Whitaker Leonhardt |
The property is surrounded by 1,655 multi-housing units, three hospitals, three million square feet of office space and 4.2 million square feet of retail space.
The JLL Capital Markets team representing the seller was led
by Senior Managing Director Brad Peterson, Senior Director Whitaker
Leonhardt, Directors Michael Brewster and John Indelli and
Analysts Tommy Isola and Aziza Rehmatulla.
“Chick-fil-A is special because of its excellent product, top-notch customer service and high-volume drive thrus,” Brewster said.
“It’s no surprise that the company maintains such strong operations because its franchisee selection process is 30 times more selective than Harvard admissions.”
JLL Capital Markets is a full-service global provider of
capital solutions for real estate investors and occupiers.
 |
| Michael Brewster |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales, debt placement, equity placement or a recapitalization.
The
firm has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For more news, videos and research resources on JLL, please
visit our newsroom.
About North American Development Group
 |
| John Indelli |
About Riverstone Capital Group
Riverstone
Capital Group is a privately-owned real estate investment firm
based in Coral Gables, Florida, focused on the acquisition and management of
retail, industrial and office assets in the Southeast United States.
 |
| Tommy Isola |
Kimberly Steele
Senior
Associate
Public Relations
JLL
Capital Markets
9
Greenway Plaza, Suite 700
Houston,
TX 77046
T
+1 713 852 3420
M
+1 832 244 9994
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