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| H. Dan Miller |
HOUSTON,
TX –– HFF announces the sale and financing of
Three Sugar Creek, a six-story, 154,263-square-foot Class A office building in
Sugar Land, Texas.
The HFF team
represented the seller, Radler Enterprises, Inc., and procured the buyer, WEDGE
Properties Management L.L.C. Additionally, the HFF team arranged a
10-year, fixed-rate acquisition loan on behalf of the buyer.
Three Sugar Creek is
situated on a 3.07-acre site at 3 Sugar Creek Center Boulevard close to the
intersection of Highway 69 and U.S. 90.
This location along Highway 69 provides
visibility to more than 224,000 vehicles per day and provides easy access to
Houston’s vast transportation network, including Beltway 8, Westpark Tollway
and the Grand Parkway.
 |
| Susan Hill |
Sugar
Land is an amenity-rich community and Three Sugar Creek benefits from its
proximity to more than 10 hotels, 70 restaurants and numerous retail offerings
at centers such as Sugar Land Town Square and First Colony Mall, among
others.
Completed in 2008, the Class A asset offers
26,000-square-foot floor plates and floor-to-ceiling glass with 10.5’ and 9.5’
finished ceiling heights throughout. Three Sugar Creek was approximately
95 percent leased at the time of sale.
The HFF investment
advisory team representing the seller included senior managing director H.
Dan Miller and senior director Marty Hogan. Radler Enterprises
was represented by Tom Radom.
 |
| Wally Reid |
HFF’s debt placement
team representing the borrower consisted of senior managing directors Susan
Hill and Wally Reid.
According to Miller,
Three Sugar Creek is one of the finest quality suburban buildings for its size
in Houston.
Holliday GP Corp. ("HFF") is a Texas licensed real
estate broker.
KRISTEN MURPHY
HFF Director, Public
Relations
(617) 338-0990
