HOUSTON, TX – HFF announced today that it has closed the sale of Two Sugar Creek Center (top left photo), a 143,410-square-foot, Class A office building in Sugar Land, Texas.
HFF marketed the property on behalf of the seller, under direction from seller’s asset manager, National Asset Services, Inc. The buyer, a private Boston-based firm investing on behalf of their institutional fund, purchased the asset for an undisclosed amount free and clear of existing debt.
Two Sugar Creek Center is situated on 7.55 acres at 77 Sugar Creek Center Boulevard one block from U.S. 59 and U.S. 90. Completed in 1999, the six-story property is 72 percent occupied and includes a two-level, 240-space parking garage.
The HFF investment sales team representing the seller included senior managing director Dan Miller (middle right photo), associate director Trent Agnew (lower left photo) and real estate analyst Brad Elmore. National Asset Services, Inc. is a nationwide real estate firm with approximately $2 billion in diverse assets under management.
Contacts:
H. DAN MILLER, CCIM, SIOR TRENT AGNEW
HFF Senior Managing Director HFF Associate Director
(713) 852-3500 (713) 852-3500
Kristen M. Murphy, Associate Director Marketing, (713) 852-3500, krmurphy@hfflp.com
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