{"id":1004327843,"date":"2019-05-31T04:33:23","date_gmt":"2019-05-31T12:33:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004327843"},"modified":"2021-05-10T02:07:08","modified_gmt":"2021-05-10T10:07:08","slug":"equus-capital-sells-houston-area-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-houston-area-office-asset\/","title":{"rendered":"Equus Capital Sells Houston-Area Office Asset"},"content":{"rendered":"<div id=\"attachment_1004327849\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004327849\" data-attachment-id=\"1004327849\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-houston-area-office-asset\/one-sugar-creek-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One Sugar Creek Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Sugar Creek Center. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg?w=1000\" class=\"wp-image-1004327849 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/One-Sugar-Creek-Center-e1559214891375.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004327849\" class=\"wp-caption-text\">One Sugar Creek Center. <em>Image courtesy of Yardi Matrix<\/em><\/p><\/div>\n<p>Following the<a href=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-345-ksf-office-in-scottsdale\/\"> $91.7 million disposition of Raintree Corporate Center<\/a> in Scottsdale, Ariz., in early 2019, Equus Capital Partners has sold One Sugar Creek Center, a 193,998-square-foot office building in Sugar Land, Texas, to Glazer Properties. Rialto Capital Management provided $29 million in acquisition financing, per Fort Bend County records.&nbsp;<\/p>\n<p>Located at 1 Sugar Creek Center Blvd., the 11-story building was completed in 1983 and underwent renovations totaling $3.2 million in 2017. The improvements consisted of elevator cab and main lobby upgrades, restroom and corridor enhancements, a new&nbsp;electronic building directory and the addition of a security\/concierge desk. The building\u2019s exterior curtain wall, landscaping and hardscape also underwent refurbishments.&nbsp;<\/p>\n<p>Amenities at the property include an on-site deli, tenant conference room and lounge, on-site property management services and 812 parking spaces. The asset is adjacent to Interstate 69 and less than 19 miles southwest from downtown Houston. The building&#8217;s tenant mix includes Comerica Bank, Wholesome Sweeteners, Amerex Energy Services, Hydro Resources and several attorney offices, according to Yardi Matrix information. One Sugar Creek Center had a vacancy rate of 10.6 percent as of May, the same data provider shows.<\/p>\n<p>Christopher Locatell, Mark Ledger and Greg Chapin of Equus Capital Partners handled the sale in-house. The HFF team of Dan Miller, Marty Hogan and Johnny Kight provided assistance in closing the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner financed the acquisition of One Sugar Creek Center with a $29 million loan. The 194,000-square-foot property underwent significant upgrades in 2017.  <\/p>\n","protected":false},"author":748,"featured_media":1004327849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21742,21747],"tags":[37880,33346,32792,33028],"class_list":["post-1004327843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-latest","category-office","tag-dan-miller","tag-equus-capital-partners","tag-hff","tag-rialto-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Equus Capital Sells Houston-Area Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-sells-houston-area-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equus Capital Sells Houston-Area Office Asset\" \/>\n<meta property=\"og:description\" content=\"The new owner financed the acquisition of One Sugar Creek Center with a $29 million loan. 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