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Sugarland Properties Sells 170,000-SF Office Complex to New York Investment Adviser

SUGAR LAND, TX-A New York investment adviser has bought the 170,000-sf Offices at Kensington from Sugarland Properties. Aetna is the lead tenant at the fully leased, two four-story buildings.

By Jack Burney | Updated on November 13, 2000

SUGAR LAND, TX-Clarion Partners, a New York pension fund and investment adviser, has acquired the 170,000-sf Offices at Kensington in First Colony from Sugarland Properties.

Aetna is the lead tenant for the fully leased, two four-story structures, consisting of about 85,000 sf each. The structures had been built in 1997 and 1998 and are positioned along Texas 6, north of US Highway 59. Chase Texas Realty Advisors has acted on the seller’s behalf in the transaction.

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