Vista Equities Purchases Land in Telfair

SUGAR LAND, Tex.–Vista Equities has purchased the 14.734 acres at the northeast corner at Highway 59/Interstate 69 and University Boulevard in the master-planned community of Telfair in Sugar Land. Preliminary plans for the corner include approximately 160,000 square feet of mixed-use commercial development including retail, office, free-standing full-service restaurants, and pad sites for banks and other similar uses.

In addition, three other Telfair sites that have recently closed:

• West Office Park – Reserve A – 1.511 Acres for a Medical Office Building to Shiraz Holdings LLC (Capital Internal Medicine Associates PA)
• West Office Park – Reserve J – 1.196 Acres for a Medical Office Building to Zenzed LLC; Dr. Azul Jaffer (Shirazali PLLC dba Azul Plastic Surgery) 
• East Office Park – Reserves A & B – 3.095 Acres for a Medical Office Building to Sugarland Med Properties LP.

A 3-story, 56,000-SF medical office building with an adjacent 3-story parking garage is scheduled to be completed in the first quarter of 2015. Approximately 85 percent of the building is pre-leased to doctors and medical users. American Commercial Contractors is building the project and it is nearing completion.