InLight Capital announced that it has acquired 77 Sugar Creek, a 143,410-square-foot, class A office building in Sugar Land, Texas. InLight Capital purchased the asset for an undisclosed amount.
JLL, in conjunction with online commercial real estate auction platform RI Marketplace, represented the seller, CWCapital.
77 Sugar Creek is positioned on a 6.13-acre site about 20 miles southwest of Houston’s central business district. Located directly off Highway 59 near its intersection with Highway 90, the office building has convenient access to the entire Houston metropolitan area. As one of Houston’s most desired residential suburbs, Sugar Land also features an abundant amenity base of nearby hotels, restaurants and retailers.
Renovated in 2018, 77 Sugar Creek has six stories of office space featuring floor-to-ceiling windows and high-quality common areas. The property is currently 66.3 percent leased.
