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13,000-SF Industrial Building Sells

SUGAR LAND, TX-A vacant building in Sugar Land Business Park sells after a three-year run on the market and two prior contracts. The buyer was satisfying a 1031 Exchange with the purchase of 1105 Industrial Blvd.

By Jennifer Brenner Andrade | Updated on January 20, 2004

SUGAR LAND, TX-A 13,000-sf industrial building, vacant for three years, has been sold to a local businessman who turned around 1031 Exchange capital to acquire the Sugar Land Business Park property.

Gary A. Mabray in Colliers International’s Houston office tells GlobeSt.com that the seller, a private foreign investor, put the holding at 1105 Industrial Blvd. on the market three years ago for $525,000 after TruGreen ChemLawn vacated the building. The seller of record, Corporate RE Investment 9 LP, also hawked a TruGreen location in West Houston, but that lease was renewed.

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