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$1M Secures Sugar Land Building

SUGAR LAND, TX-Classic Lighting Inc. antes up close to $1.4 million for a 47,000-sf office/warehouse at 140 Industrial Dr. in the Sugar Land Business Park. Comerica Bank of Texas is the seller.

By Jennifer Brenner Andrade | Updated on June 07, 2004

SUGAR LAND, TX-The locally based Classic Lighting Inc. is exchanging a leased location for a 47,000-sf industrial building, which has just been bought for close to the $1.4-million price tag.

Chris Caudill of NAI Houston tells GlobeSt.com that Classic Lighting’s lease was built with a termination clause for an easy exit of 25,000 sf at a nearby building along Industrial Drive, rented a few years ago while the firm’s owners continued to search for an asset to buy. He and NAI’s Joel Michael represented Classic Lighting in the acquisition of 140 Industrial Dr. in the Sugar Land Business Park. Seller Comerica Bank of Texas was represented by Marc Drumwright of Southwest Realty Advisors of Houston.

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