HOUSTON—Transwestern has been selected by Equus Capital Partners Ltd. to lease and manage the Comerica Bank Building in Sugar Land.
Located at 1 Sugar Creek Center Blvd., the building is a class A, 193,998-square-foot asset of which Equus plans to make significant capital upgrades.
Transwestern's senior managing director Doug Little and vice president Louann Pereira will provide leasing services.
“Transwestern is excited to work with Equus on their first Houston acquisition and appreciates the opportunity to expand the relationship with Equus on a national basis,” Pereira told GlobeSt.com.
“Currently nearly 89 percent leased, the building's excellent location and proximity to a well-educated labor force will draw considerable interest as we market one of the few full-floor opportunities in the Sugar Land market.”
The building's amenities include surface parking and an attached, four-level parking garage, which together provide an overall parking ratio of 4.2 spaces per 1,000 square feet. Additional onsite amenities include a deli and a full-service banking facility.
“The Comerica Bank Building provided an opportunity to acquire a best-in-class suburban office asset in a location with an expanding array of amenities, along with excellent access to the vast and desirable Houston employment base,” said Kyle Turner, director of investments at Equus, who oversaw the acquisition along with Roy Perry, senior vice president. “With our plans for significant capital upgrades and an added amenity package, we are confident that the Comerica Bank Building will be an even more highly sought-after location.”
Planned additions include a tenant lounge, conference center, adding building-wide Wi-Fi and concierge service. Upgrades will be made to the lobby, restrooms and common areas.
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