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Colliers Arranges Sale of Sugar Land Retail
Colliers International arranged the sale of Colony Place, a 14,050-square-foot shopping center located at 4403-4411 Hwy. 6 in Sugar Land.
Although deal terms weren’t disclosed, Colliers noted that Houston’s retail investment sale transactions averaged $185 per square foot in the second quarter, a 3.8% increase over the prior period. Retail strip centers achieved a higher average of $213 per square foot in Q2, a 2.8% increase over the previous quarter.
The buyer of Colony Place, DML Colony Place LP, was represented by Anita M. Amin of Preston Cunningham Ventures, LLC. Ace Schlameus and Jenny Seckinger of Colliers represented the seller, Hass Holdings LLC, in the transaction.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

