Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUGAR LAND, TX-Locally based Imperial Sugar has sold a 4,860-sf tract at 131 Brooks Rd. in Sugar Land, a southwestern suburb of Houston. The property is part of a $21-million portfolio of non-core assets being marketed nationwide.

Bill Byrd and Robert S. Parsley, both of the Houston office of Colliers International, represent Imperial Sugar in the nationwide disposition. Byrd tells GlobeSt.com that the buyer, MPC LLC, is a group of Houston-area investors. They were represented by Jim Miller of InterCapital Builders. Byrd’s not talking about the selling price.

The asset shuffling has put two more onto the disposition list: a 140,000-sf sugar refinery situated on 100 acres in Clewiston, FL and a 65,000-sf industrial warehouse in Indianapolis.

To date, Imperial has sold 53,127 sf of industrial structures sitting on 4.2 industrial acres in St. Louis and the May sale of 15.5 acres in Sugar Land to Katmor Realty Two Ltd. Another 850 acres of agricultural and industrial land in Woodland, CA are under contract. Imperial Sugar is using proceeds to reduce debt. Imperial Sugar’s “to go” list for Texas also includes more small tracts in Sugar Land, about seven acres in Arlington’s Great Southwest Industrial Park and 1,402 agricultural acres, housing a manufacturing plant, in the town of Hereford. The disposition list also contains 1,120 acres in Tracy, CA, which carrying agricultural and industrial zoning; 14 industrial acres in Visalia, CA; and 30 industrial acres in Savannah, GA.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.