HOUSTON – Wedge Properties Management has purchased Three Sugar Creek, a six-story, 154,263-square-foot Class A office building located in Sugar Land on the southwest side of the Houston metropolitan area.
The HFF team represented the seller, Radler Enterprises, and secured the buyer. In addition, HFF arranged a 10-year fixed-rate acquisition loan on behalf of the purchaser.
Three Sugar Creek is positioned on a 3.07-acre parcel at 3 Sugar Creek Center Boulevard, near the intersection of Highway 69 and U.S. 90. Its frontage along Highway 69 delivers visibility to more than 224,000 vehicles per day.
Completed in 2008, the Class A building features approximately 26,000-square-foot floor plates and is currently 95 percent leased.
The HFF investment advisory team representing the seller included Senior Managing Director H. Dan Miller and Senior Director Marty Hogan. Radler Enterprises, based in Houston, was represented by Tom Radom.
HFF’s debt placement team representing the borrower included Senior Managing Directors Susan Hill and Wally Reid.
