Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SUGAR LAND, TX-Sugarland Properties Inc., developers of the First Colony master-planned community and a major power shaping the growth of Fort Bend County, has let go of two parcels. Haag Engineering and New Concepts Properties LLC have purchased a combined 3.6 acres.

Haag Engineering’s acquisition totals 2.8 acres and is positioned along Jess Pirtle Boulevard in Sugar Land Business Park. Keith P. Grothaus of Houston’s Caldwell Watson Real Estate Group negotiated the transaction for the buyer.

New Concepts Properties purchased a 0.6-acre site at 1214 Eldridge Rd., also within the business park boundaries. Mohammed Mulla represented the buyer. New Concepts intends to build a dry-cleaning facility. The calendar is marked for a January 2003 opening.

Sugarland Properties’ G. Peter Jacobs, director of retail leasing, negotiated the sales. Sugarland began development on the 9,700-acre First Colony about 20 years ago.

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 Spring 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.