May 10, 2018
Radler Enterprises Inc. sold Three Sugar Creek, a six-story, 154,263-square-foot, Class A office building in Sugar Land, TX to Wedge Properties Management LLC. The Houston-based seller was represented by HFF, which also arranged for a 10-year, fixed-acquisition loan on behalf of the buyer, which is also headquartered in the Bayou City.
Three Sugar Creek is situated on three acres at 3 Sugar Creek Center Blvd., close to Interstate 69 and U.S. 90. The building delivered in 2008, and was approximately 95% occupied at the time of the sale.
Dan Miller and Harty Hogan led the team representing the seller. Susan Hill and Wally Reid headed the debt placement effort on behalf of the borrower. The sales price was undisclosed, with the property valued at $36.7 million.
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