July 20, 2016
Imperial Market Development LLC, a partnership led by Geoffrey Jones and James Murname, has acquired a 26-acre property, formerly belonging to Imperial Sugar. The new owners plan to develop Imperial Market, an 855,000-square-foot, $200-million mixed-use property, with a projected grand opening in late 2017.
The site is at U.S. 90, between Interstate 69 and SH 6 in Sugar Land, TX, a suburb of Houston. Retail, dining and entertainment components will total 290,000 square feet, 90,000 square feet of Class A office space, and a 185-room boutique hotel. The site will also contain a 274-unit multifamily complex to be developed by Sueba USA.
Retail leasing will be handled by Transwestern’s Nick Hernandez, Crystal Allen and Chance Henke. Eric Anderson and Greg Tilton, also with Transwestern, will oversee office leasing.