Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing 3 Sugar Creek, a 154,263-square-foot six-story office building meticulously designed, constructed and maintained in the Houston suburb of Sugar Land, Texas. 3 Sugar Creek is the standard bearer of excellence for Class A office space in Sugar Land, as it was built with a cast in-place concrete structure and features floor to ceiling window lines, 9.5-foot floor-to-ceiling grid heights and column-free corners, allowing for flexible office design.
The office property enjoys prominent location at 3 Sugar Creek Center Boulevard along Interstate 69 (Highway 59) providing outstanding visibility to more than 224,000 vehicles per day and immediate access to Houston’s vast transportation network via Sam Houston Parkway to the north and Highway 90 and Highway 6 to the south. Sugar Land is one of Houston's top-performing office submarkets due to its 91 percent occupancy and the explosive rent growth it has experienced over the last five years. The building’s Class A finishes and ideal location near the intersection of Interstate 69 and Dairy Ashford Road/Sugar Creek Boulevard have allowed it to attract a nationally recognized tenant roster comprising finance, insurance, merchant/shipping and industrial manufacturing with virtually no direct oil and gas exposure. Investors have the opportunity to realize upside via the lease up of vacant space and mark-to-market opportunities.
Constructed in 2008, 3 Sugar Creek was thoughtfully designed by award-winning architect HKS to appeal to office tenants in Sugar Land seeking a best-in-class office building. The 26,000-square-foot, rectangular floor plates feature a center core and are virtually column free, which grants tenants the ability to customize their ideal workspace. The walls of floor-to-ceiling, dual-pane glass and 9.5-foot floor-to-ceiling grid height provides abundant natural light and a spacious ambiance. The office building for sale was expertly crafted with cast-in-place concrete and an exterior façade, which is a mix of custom masonry, curtain wall glazing and limestone panels. The ground-floor lobby features expansive marble flooring and walls with the elevator bank wrapped in full height custom wood panels designed by Bronstein. All upper floor elevator lobbies have matching granite and marble finishes with drywall coverd ceilings.
Sugar Land has been on the list of numerous "Best Places to Live" surveys, an achievement further validated by a population growth rate of 41.3 percent from 2010 to 2016. Also contributing to Sugar Land’s high ranking is an unemployment rate of three percent and a highly regarded school system, consistently ranked among the best in the nation by the The Washington Post and U.S. News & World Report. Sugar Land has also received Nerdwallet’s highest grade of “most safe” when it comes to crime risk. In 2015, 97 percent of residents in Sugar Land rated their quality of life as “excellent or good.”
For more information on 3 Sugar Creek or other Houston-area office properties for sale, please contact Dan Miller or Martin Hogan in HFF’s Houston office. For information on acquisition financing for this property, please contact Susan Hill. To view current real estate investment sales listings, please click here to view HFF’s property search page.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.