X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUGAR LAND, TX-Sugarland Properties Inc. is kicking off the first phase to a 54,000-sf medical campus in Sugar Land. Sweetwater Boulevard Professional Development is designed as an 11-acre medical and professional campus near Methodist Hospital.

The developer’s initial phase calls for an 11,906-sf spec office building. Don Janssen of Sugarland Properties tells GlobeSt.com the building will ultimately house between five and six tenants and is currently 55% pre-leased. Janssen says the big picture is to develop at least four owner-occupied buildings, designed with 3,000 sf to 11,000 sf. To date, Sugarland Properties has one of those buildings under contract, a letter of intent for another and two in negotiation stages with prospective users. According to Janssen, more medical professionals are leaning toward ownership because it’s generally more economical than leasing.

The flagship building will be constructed on 1.4 acres. It will deliver in May 2002. Janssen says building and land will carry price ranges of $165 per sf to $210 per sf.

Sugarland Properties also is the developer of the 9,700-acre First Colony, a master-planned residential community in the region. Ft. Bend County’s town of Sugar Land has been a steady gainer in population for a decade, boosting the head count 5.7% annually. Sugar Land now has 354,452 residents. The medical campus is positioned in the First Colony section of Sugar Land. That section of town has nearly 46,000 residents, 1.5 million sf of office space and two million sf of industrial space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.