HFF announces that it has closed the sale of One Sugar Creek Center, also known as The Comerica Bank Building, a 193,988-square-foot Class A office building in Sugar Land, Texas.
HFF represented the seller, Equus Capital Partners, LTD, and procured the buyer, Kevin Glazer, founder and CEO of Glazer Properties, who inspected and closed the acquisition in only 37 days.
The 11-story office building is strategically positioned at One Sugar Creek Boulevard at the signalized hard corner of U.S. 69 and Dairy Ashford Road about 19 miles southwest of downtown Houston. The high-visibility site is less than one mile from Interstate 69 and U.S. 90 and proximate to several additional transportation arteries in the Houston MSA, including Beltway 8, Westpark Tollway and Grand Parkway. One Sugar Creek Center is close to many of Sugar Land’s residential communities that are consistently on the list of national “Best Places to Live” surveys and include First Colony, Greatwood, New Territory, River Park and Imperial. Recently renovated in 2017, the institutionally owned property is 90% leased to tenants, including Comerica Bank, Wholesome Sweetners, Amerex Natural Gas and Alamo Environmental.
The HFF investment advisory team representing the seller was led by senior managing director H. Dan Miller, senior director Martin Hogan and real estate analyst Johnny Kight.
Holliday GP Corp. is a Texas licensed real estate broker.
About Kevin Glazer
Kevin Glazer is the founder and CEO of Glazer Properties and has been a prominent fixture in the commercial real estate industry for over 30 years. Kevin Glazer is also a co-owner of the Tampa Bay Buccaneers and a principal investor in the Manchester United Soccer Club. Kevin Glazer acquires, owns, and manages Class A office and retail properties throughout the United States. Without any financing contingencies, or convoluted approval processes Kevin Glazer’s acquisitions are always closed expeditiously. For additional information, please visit www.glazer.com.
About Equus Capital Partners, Ltd.
Equus Capital Partners is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multi-family, industrial, and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at equuspartners.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.comor follow HFF on Twitter@HFF.
